+
Govt approves advanced chemistry cell PLI scheme
POWER & RENEWABLE ENERGY

Govt approves advanced chemistry cell PLI scheme

The Indian Government has given its nod to the Department of Heavy Industry’s proposal for the implementation of the Production Linked Incentive (PLI) Scheme- National Programme on advanced chemistry cell (ACC) battery storage for accomplishing production capacity of 50 GWh of ACC and 5 GWh of Niche ACC at an expenditure of Rs 18,100 crore.

ACCs are the latest generation of advanced storage technologies that can store electric power both as chemical energy or electrochemical and turn it back to electric power when needed.

Main battery consuming areas such as electronics, electric vehicles, solar rooftop, etc, are expected to attain strong growth in the upcoming years. While many firms have already begun investing in battery packs, still the capacities of these facilities are very small compared to global standards, yet there is still a negligible investment in the production along with the value addition of ACCs in India.

Currently, all the demand for the ACCs is satisfied through imports in India. The National Programme on ACC will decrease import dependence.

The storage producers will get selected by a competitive bidding process. The manufacturing facility will have to be commissioned within two years, and the incentive would be distributed after five years.

The amount of incentive will rise with increased specific energy density and cycles and local value addition.

Every selected ACC battery storage producer would have to commit to establishing an ACC producing facility, ensure a minimum of 60% domestic value addition and minimum 5 GWh capacity at the project level within five years.

Moreover, the beneficiary companies have to attain a domestic value addition of at least 25% and acquire the compulsory investment of Rs 225 crore per GWh within two years and boost it to 60% domestic value addition within five years, either at the Project Level, in-case of "Hub & Spoke" structure or at Mother Unit, in-case of an Integrated Unit.

Image Source


Also read: Relectrify launches storage system made of second life EV batteries

The Indian Government has given its nod to the Department of Heavy Industry’s proposal for the implementation of the Production Linked Incentive (PLI) Scheme- National Programme on advanced chemistry cell (ACC) battery storage for accomplishing production capacity of 50 GWh of ACC and 5 GWh of Niche ACC at an expenditure of Rs 18,100 crore. ACCs are the latest generation of advanced storage technologies that can store electric power both as chemical energy or electrochemical and turn it back to electric power when needed. Main battery consuming areas such as electronics, electric vehicles, solar rooftop, etc, are expected to attain strong growth in the upcoming years. While many firms have already begun investing in battery packs, still the capacities of these facilities are very small compared to global standards, yet there is still a negligible investment in the production along with the value addition of ACCs in India. Currently, all the demand for the ACCs is satisfied through imports in India. The National Programme on ACC will decrease import dependence. The storage producers will get selected by a competitive bidding process. The manufacturing facility will have to be commissioned within two years, and the incentive would be distributed after five years. The amount of incentive will rise with increased specific energy density and cycles and local value addition. Every selected ACC battery storage producer would have to commit to establishing an ACC producing facility, ensure a minimum of 60% domestic value addition and minimum 5 GWh capacity at the project level within five years. Moreover, the beneficiary companies have to attain a domestic value addition of at least 25% and acquire the compulsory investment of Rs 225 crore per GWh within two years and boost it to 60% domestic value addition within five years, either at the Project Level, in-case of Hub & Spoke structure or at Mother Unit, in-case of an Integrated Unit. Image SourceAlso read: Relectrify launches storage system made of second life EV batteries

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?