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.
- 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.
- 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.
- 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.