India, Feb. 19 -- The Global Energy Alliance for People and Planet on Wednesday launched the India Grids of the Future Accelerator (IGFA) platform through which it will deploy up to $25 million in the initial stage to modernise power distribution, integrate renewable energy and storage, and prepare power grids in the country for rapid demand growth.

Between 2026 and 2028, the Alliance will onboard 15 power distribution companies (discoms), convene government partners, technology providers, investors, and philanthropic funders, and pump in $100 million to aid India's transition to clean energy, it said in a media statement. The interventions will positively impact nearly 300 million people across the country, the statement noted.

On Wedn...