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Why the Bank of England’s united interest rate hike signals more to come

Comments from members of the Bank of England’s rate-setting committee suggest more interest rate hikes are on the way, writes Mauricio Alencar. ‘Stands to ready to act’ was the Bank of England’s mantra for most of this year as it waited for higher energy prices to trickle through the UK economy. After today, the Monetary Policy [...]

India to Require State Utilities to Add Energy Storage Capacity

India plans to soon mandate state-owned utilities to add energy storage capacity to take advantage of the clean energy boom with reduced waste of generated power amid lagging storage capacity, a senior official said on Thursday.

  • India to mandate state utilities to increase energy storage capacity
  • Authorities to expand storage capacity for clean energy sector
  • $1.54 billion program approved for 92 gigawatt-hours of grid-scale storage

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