Energy Storage in India: A Wave of Opportunity

Thanks to favourable government policies and the reducing costs of technology, renewable energy is getting cheaper around the world. Today, it is cheaper to source energy from solar and wind plants than new thermal plants. This is great news for the renewable sector because market forces are now favourable for the large-scale adoption of solar and wind. However, one of the major drawbacks of increasing the share of renewables is that they threaten grid stability, owing to their fluctuating behaviour.