Daily Current Affairs 2021 Union Cabinet approves PLI Scheme for ACC Battery Storage | Daily Current Affairs 2021

Union Cabinet approves PLI Scheme for ACC Battery Storage

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The Union Cabinet chaired by Prime Minister Narendra Modi recently approved the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage.

  • An amount of Rs 18,100 crores have been allocated to the scheme.
  • This has been done as a part of National Programme on Advanced Chemistry Cell Battery Storage.

Aim:

  • The scheme has been introduced to reduce the import dependence.
  • The move aims to achieve a manufacturing capacity of 50 GigaWatt Hour of ACC and five Giga Watt Hour of Niche ACC with an outlay of 18 thousand 100 crore rupees.
  • It also aims to increase domestic production of battery storage.

Benefits:

  • It will also give a big push to electric mobility, benefiting three-wheeler, four-wheeler and heavy vehicles.
  • India is currently importing Battery Storage Equipment worth Rs 20,000 crore and the scheme will be helpful in making the country self-reliant.

About ACC:

  • The ACC Battery Storage are new generation storage devices that store energy in chemical or electrochemical form.
  • They then convert it back to electric energy when required.

National Programme on Advance Chemistry Cell Battery Storage:

  • The National Programme on Advance Chemistry Cell Battery Storage was proposed by the National Mission on Transformative Mobility and Battery Storage.
  • It was launched in 2019.
  • Both were proposed by NITI Aayog.
  • The main objective of the programme on ACC is to produce 50 Giga Watt hour of domestic ACC manufacturing.

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