AES sees battery storage systems could replace diesel-fueled power plants.
The CEO of American firm AES Corp. sees a potential investment opportunity of $50b in India’s battery storage facilities that could help integrate renewables into the grid, Bloomberg reports.
“We think India is going to be a big market for energy storage,” CEO Andres Gluski said in an interview. He spoke after AES completed the country’s first 10MW battery-storage system to support the grid in national capital New Delhi.
India’s goal to build 175GW of renewable energy by 2022 is seen as a big opportunity by AES to use battery storage to integrate fluctuating green power into the grid, as well as replacing diesel-fueled power plants.
Read the full report here.
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