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AES sees USD 50 billion opportunity in Indian battery storage facilities

Power News - Published on Fri, 15 Feb 2019

Image Source: Bloomberg
Economic Times reported that 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.

Chief Executive Officer Andres Gluski said in an interview that “We think India is going to be a big market for energy storage.” He spoke after AES completed the country’s first 10-megawatt battery-storage system to support the grid in national capital New Delhi.

Built in partnership with Mitsubishi Corp. for almost USD 9 million, the project will demonstrate the benefits of energy storage to clients, regulators and the government, Gluski said. AES has built similar pilot projects in many other markets too.

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Posted By : Rabi Wangkhem on Fri, 15 Feb 2019
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