Why can't Alternating Current(A.C.) be stored?

Large amounts of electricity is wasted in India due to improper distribution of electricity in India though many say that power crisis is one of the great menaces in the Indian Administration. So, why don't we discover a method to store the Alternating Current(A.C) produced through various conventional and non-conventional means so that we may distribute that to areas of deficit, thereby reducing the power shortage. Last year alone lakhs of Megawatts (MW) of energy was wasted by the National Thermal Power Corporation ( NTPC ) of India.

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