PLI scheme for National Programme on Advanced Chemistry Cell Battery Storage
The Union Cabinet recently approved the Production Linked Incentive (PLI) scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage to set up 50 giga watt per hour manufacturing capacity. One GW per hour of battery capacity is enough to provide for the energy requirements of 1 million homes for an hour and around 30,000 electric cars. This initiative’s estimated outlay is Rs.18,100 crore. It is expected to improve competition, boost exports, achieve economies of scale and promote innovation.