Electrical energy storage plays a pivotal role in the decarbonization of the power sector by providing a carbon-free energy source and ensuring the effective utilization of renewable energy resources.

Reon Energy, with its 1.86 MW project, completed the first SBP Category 3 Financing project in May this year. This marks a milestone for Sustainable financing in Pakistan.

Reon Energy chief executive officer Mujtaba Haider Khan has proposed that government should establish Rural Electrification Board and assign it to electrify 60 million off-grid.

Mujtaba Haider Khan is the CEO for Reon Energy Limited, the largest industrial solar solutions provider in Pakistan.

The government should arrange bank financing for users to install solar power plants at residential, commercial and industrial level, suggested CEO Reon Energy Inam-ur-Rahman, here on Monday.

The chief executive officer of the Reon Energy has said the solar power is the ultimate solution for producing cheap electricity to reduce the high costs of power generation and distribution.