The National Programme on Advanced Chemistry Cell (ACC) battery storage was approved by the Union Cabinet on May 12, 2021 with budgetary outlay of Rs 18,100 crore.
The budget allocation for the advanced chemistry cell (ACC) sector has increased sixfold in recent years, indicating the government s commitment to enhancing the country s energy storage capabilities. The National Programme on Advanced Chemistry Cell (ACC) battery storage, approved by the Union Cabinet in May 2021 with a budget of Rs 18,100 crore, aims to bolster the electric mobility and battery storage ecosystem in India.
ACC Battery: "EV is determined primarily by the battery running the powertrain of the vehicle. Advancements in the battery technology space is pivotal for the development of better-performing EVs," said Vipin Sondhi, Chairman, CII National Committee on Future Mobility and former CEO & MD, Ashok Leyland and JCB.
The CII report on Raw materials for Battery & Component Manufacturing released Sunday said that the advanced chemistry cell (ACC) battery market demand in India is expected to grow at a CAGR of 50% from 20 GWh in 2022 to around 220 GWh by 2030