New Delhi: India must set out a clear policy around energy storage, much like what it has done for renewable energy, for investments to start coming into what could be at least a $15 billionmarket, top executives of US-based AES Corporation and Fluence Energy said. A stable policy that spells out targets for adding storage capacity will help the localisation of technology where India can emerge as a supplier for South Asia, they said.
“While you have this goal of putting a lot of renewables on the grid, you need energy storage to make sure that the grid can take that amount of renewables,” said Andres Gluski, president of AES, which has partnered with SiemensNSE -2.36 % to form Fluence Energy, a storage technology solutions provider.
