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Solar + Storage

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  1. Energy storage can smooth electricity prices through arbitrage, manage evening energy ramps, mitigate the risk of curtailment, provide black start capability, and backup power.
  2. Storage is critical when one considers the disparity between production and consumption of energy in a power system
  3. Storage aims to reduce operations downtime by instantly switching over to stored power, enhancing overall plant performance.
  4. India Energy Storage Alliance (IESA) estimates the Indian energy storage market to reach 16,445MW by 2020 and further up to 70 GW by 2022
  5. Ministry of New and Renewable Energy (MNRE) and Power Grid Corporation of India Ltd (PGCIL) have opened doors to grid-tied energy storage deployment for ancillary services and renewable energy integration in India
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