Industry Giants Bid for India's 10 GWh ACC Manufacturing Scheme
POWER & RENEWABLE ENERGY

Industry Giants Bid for India's 10 GWh ACC Manufacturing Scheme

Seven prominent companies, including Reliance Industries Limited (RIL), ACME Solar Holdings, and JSW Energy, have emerged as bidders for the government's ambitious 10 gigawatt-hour (GWh) Advanced Chemistry Cell (ACC) manufacturing linked incentive (PLI) scheme. This initiative aims to boost domestic manufacturing capacity in high-tech lithium-ion batteries, crucial for the electric vehicle (EV) revolution and renewable energy storage. The competitive bidding process underscores the strategic significance of ACCs in India's clean energy transition.

The participation of industry giants such as RIL, known for its diversified portfolio, underscores the sector's attractiveness and the potential for significant investment. ACME Solar Holdings, a prominent player in the renewable energy sector, seeks to leverage its expertise in clean energy to contribute to the nation's EV ecosystem. JSW Energy, with its focus on sustainable solutions, aims to position itself at the forefront of the burgeoning ACC market.

The ACC PLI scheme is a cornerstone of India's efforts to reduce dependency on imports, especially from China, which currently dominates the global ACC market. By incentivizing domestic production, the government aims to enhance self-reliance in critical technology sectors while fostering job creation and economic growth.

The competitive bidding process signals a robust response from industry players eager to capitalize on the growing demand for ACCs driven by EV adoption and renewable energy expansion. Successful bidders stand to benefit from government incentives and support, positioning them for long-term success in the burgeoning ACC market.

As India accelerates its transition towards clean energy and electric mobility, initiatives like the ACC PLI scheme are instrumental in fostering innovation, investment, and industrial growth, ultimately contributing to the nation's sustainable development goals.

Seven prominent companies, including Reliance Industries Limited (RIL), ACME Solar Holdings, and JSW Energy, have emerged as bidders for the government's ambitious 10 gigawatt-hour (GWh) Advanced Chemistry Cell (ACC) manufacturing linked incentive (PLI) scheme. This initiative aims to boost domestic manufacturing capacity in high-tech lithium-ion batteries, crucial for the electric vehicle (EV) revolution and renewable energy storage. The competitive bidding process underscores the strategic significance of ACCs in India's clean energy transition. The participation of industry giants such as RIL, known for its diversified portfolio, underscores the sector's attractiveness and the potential for significant investment. ACME Solar Holdings, a prominent player in the renewable energy sector, seeks to leverage its expertise in clean energy to contribute to the nation's EV ecosystem. JSW Energy, with its focus on sustainable solutions, aims to position itself at the forefront of the burgeoning ACC market. The ACC PLI scheme is a cornerstone of India's efforts to reduce dependency on imports, especially from China, which currently dominates the global ACC market. By incentivizing domestic production, the government aims to enhance self-reliance in critical technology sectors while fostering job creation and economic growth. The competitive bidding process signals a robust response from industry players eager to capitalize on the growing demand for ACCs driven by EV adoption and renewable energy expansion. Successful bidders stand to benefit from government incentives and support, positioning them for long-term success in the burgeoning ACC market. As India accelerates its transition towards clean energy and electric mobility, initiatives like the ACC PLI scheme are instrumental in fostering innovation, investment, and industrial growth, ultimately contributing to the nation's sustainable development goals.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?