Storage Pvt Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PLI Scheme For Batteries: 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. Union Minister of Power, New & Renewable Energy said the government is considering to introduce another production-linked incentive (PLI) scheme for batteries. When applicable, this would be in addition to the PLI scheme for manufacturing advanced chemistry cell (ACC) batteries that was approved by the central government in May 2021.

Hanif Qureshi: In his key-note address at the ET Smart Factory Summit 2023 on Tuesday Dr. Qureshi said, “Out of the government’s target of 50 GWh, 30 GWh has already been given and by next month, the remaining 20 GW will also come out.”

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.

The foray of Rajesh Exports Ltd into advanced technology energy solutions business gained critical momentum upon execution of a Tripartite Agreement between The Ministry of Heavy Industries , Department of Industries and Commerce and ACC Energy Storage Pv