India needs integrated energy storage policy to build resilience against geopolitical shocks: S&P Global
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- ✓India needs an integrated energy storage policy to build resilience against geopolitical shocks, said S&P Global.
- ✓Gauri Jauhar said, "Storage is likely to also emerge as an investment class." India imports crude from 41 countries to manage supply risks.
- ✓Meanwhile, the refining sector helps cover costs through product exports.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Gauri Jauhar emphasizes the importance of energy resilience for India's future energy security and storage policies. An integrated framework for storage across various energy sources is essential for long-term stability. India's refining sector plays a crucial role in managing crude import dependence and generating foreign exchange earnings. The transition to clean energy and green hydrogen will occur gradually while India remains an attractive destination for energy investments.
Mumbai: To navigate evolving geopolitical uncertainty and supply chain disruptions, India must prioritise energy resilience by adopting an integrated storage policy spanning power and transport systems.
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