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0 Comments The government of India has approved the proposal of the Department of Heavy Industry for the implementation of the Production Linked Incentive (PLI) scheme for 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. This scheme aims to achieve a manufacturing capacity of 50-Gigawatt hour (GWh) of ACC and 5-GWh of ‘Niche’ ACC with an outlay of Rs 18,100 crore. ACC batteries are used in consumer electronics, electric vehicles, advanced electricity grids and more Scheme expected to bring direct investment of Rs 45,...

Cabinet approves Rs 18,000 cr PLI scheme for ACC batteries ​ By IANS | ​ 3 Views   New Delhi, May 12 : The Union Cabinet has approved Production Linked Incentive (PLI) scheme, 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage' for achieving manufacturing capacity of 50 Giga Watt Hour (GWh) of ACC and 5 GWh of 'niche' ACC, at an outlay of Rs 18,100 crore. 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. The consumer ...

Centre approves Rs 18,000 cr PLI scheme for ACC batteries - To boost production in the country, an investment of Rs 45,000 cr will be made in it. Those investing in it will get an incentive of Rs 16,000 crore.

The Union Cabinet on Wednesday approved an Rs 18,100-crore plan to incentivise battery makers to manufacture locally as it looks to cut import dependence while giving a boost to electric vehicle (EV) adoption. This was a Department of Heavy Industries’ proposal, which the government expects will create direct investment of Rs 45,000 crore. Under the production-linked incentive (PLI) scheme floated by the central government, the Cabinet in November 2020 had approved Rs 18,000 crore for domestic manufacturing of Advanced Chemistry Cell (ACC) battery storage. Currently, the country’s ACC...