Asia will dominate LNG demand growth
In the recent global LNG outlook 2018 report, Bloomberg New Energy Finance (BNEF) stated that Asia will dominant the global demand for Liquefied Natural Gas (LNG) in the decades to come.
India's Storage Opportunity
A recent study has claimed that India would overtake China by a wide margin to become the world's leader in renewable energy by 2050.
To avoid supply-demand mismatch, grid enhancement needs planning
Growth in storage solutions like batteries will facilitate 50 per cent of the global electricity supply from wind and solar by 2050,' predicts Shantanu Jaiswal, Head of India Research, Bloomberg NEF and one of the authors of New Energy Outlook (NEO) 2018 report.
Solar sector to show spiralling growth in India
By 2022, about 175 GW installed capacity of renewable energy is to be achieved, which includes 100 GW from solar power. India will turn into a renewable energy hub by achieving this target.
Storage to the Rescue
India has been witnessing an increase in renewable power installed over the last few years. Globally India is the fastest growing electricity sector, and with increase in penetration of renewable energy sources into the distribution system, it has become indispensable to incorporate large scale integration of energy storage, which gives us the flexibility to quickly ramp up supply.
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