michael-bloomberg

Mahindra sets new Benchmark for Energy Storage in India, with record bid of Rs. 3.55 cr per MWh

With the announcement of this result, we expect a number of International companies to enter the Indian Energy Storage market, which has been a keen source of interest for foreign investment as the huge potential for solar power in India would be a lost opportunity if not supplemented with Storage as the grid’s ability to absorb and transmit the variable power influx through high renewable energy penetration would destabilize the existing transmission infrastructure.

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