India plans to soon mandate state-owned utilities to add energy storage capacity to take advantage of the clean energy boom with reduced waste of generated power amid lagging storage capacity, a senior official said on Thursday. India’s federal authorities will require the state utilities to add storage capacity, Pankaj Agarwal, secretary of the Indian Power Ministry, said at the ongoing Bharat Renewable Energy Summit. India is working to launch additional clean energy tenders for energy storage, the official added. Grid, flexibility, and…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.