U.S., July 2 -- Siemens Energy has launched an initiative called the "Future of Storage" to offer energy storage solutions catered to customers' needs.

The initiative, which was announced last week, aims to bundle knowledge in order to design and build a new ecosystem of technology partners which will help the company to develop efficient, climate-friendly energy storage solutions.

Energy storage solutions are known to help comprehensive for the fluctuating feed-in of renewable energies and also have a big part to play in helping stabilise grids which enable them to hold the title of being one of the most important drivers of decarbonisation.

A global team of experts are being formed as we speak which will cover all areas of energy stora...