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The Ministry of Heavy Industries has recently announced the re-bidding of performance linked incentives for 20 GWh Advanced Chemistry Cell (ACC) manufacturing.
July 24, 2023. By Anurima Mondal
On May 12, 2021, the Government approved a Production Linked Incentive (PLI) Scheme for manufacturing of Advance Chemistry Cell (ACC) in the country. The total outlay of the scheme is INR 18,100 Crore for a period of 5 years.
The scheme envisages to establish a competitive ACC battery manufacturing set up in the country (50 GWh). Additionally, 5 GWh of niche ACC technologies is also covered under the scheme. It proposes a production linked subsidy based on applicable subsidy per KWh and percentage of value addition achieved on actual sales made by the manufacturers who set up production units.
The Ministry of Heavy Industries has recently announced the re-bidding of performance linked incentives for 20 GWh Advanced Chemistry Cell (ACC) manufacturing. With this auctioning process, the prospective applicants can submit their bids to set-up domestic manufacturing facility for advanced chemistry cell, which will help them qualify for incentives under ACC PLI scheme.
The initiative is aligned with the Prime Minister's vision of ‘Aatmanirbhar’ Bharat by increasing reliance on domestic manufacturing and reducing dependence on imports.
ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. These have major applications in the electric vehicles, maintaining grid stability, solar rooftop, consumer electronics etc.
With India’s commitment towards renewable energy and achieving net-zero by 2070, energy storage is expected to play a crucial role in the overall energy ecosystem.
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