AES sees USD 50 billion opportunity in Indian energy storage

Head of energy firm AES sees huge potential in India's energy storage market which could help integrate renewables into the grid.

By Anindya Upadhyay, Bloomberg

India is presenting a potential investment opportunity of USD 50 billion in battery storage facilities that could help integrate renewable energy into the grid, replace polluting diesel-fueled power and boost electric mobility, the head of American energy firm AES Corp. said.

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