Microgrids are often mistaken for small-scale power networks, but they are robust localized grids capable of operating independently or in conjunction with national grids. These systems, crucial in today's push towards sustainable energy, are becoming ever more important for industrial sites because of potential global energy shortages and decarbonization goals.
The Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of 5 GWh, despite requests for a reduction in the minimum bid size. The incentives, worth INR 7,240 crore, are part of a larger INR 18,100 crore PLI scheme for the sector.
The Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of 5 GWh, despite requests for a reduction in the minimum bid size. The incentives, worth ₹7,240 crore, are part of a larger ₹18,100 crore PLI scheme for the sector.
The scheme aims to strengthen the ecosystem for Electric Mobility and Battery Storage in the country and aims to add to Atmanirbhar Bharat initiative. "In line with the scheme vision to ensure domestic value addition, the technology for the Advanced Chemistry Cells is being developed by all 3 beneficiaries, which is in advanced stages of development. The total investment till date by these beneficiary organisations has reached up to Rs 2,090 crore," the statement said.