By Ding Yiting As China works to pursue the "dual carbon" goal, which is to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, its energy storage industry, as an important pillar for building a new type of power system, is going through a rapid expansion. According…
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India offers $2.46B incentive to boost domestic production of batteries
India’s cabinet on Wednesday approved Department of Heavy Industry’s proposal to provide incentives to boost domestic production of batteries with advanced energy storage, the latest in a series of efforts by New Delhi to make the world’s second largest internet market less reliant on other nations for various electronics goods and shrink its trade deficit.
The government’s new $2.46 billion plan, dubbed “National Programme on Advanced Chemistry Cell (ACC) Battery Storage,” is aimed at cutting the nation’s import volume, said Prakash Javadekar, India’s Minister of Heavy Industry and Public Enterprises, in a news conference.