Reliance, JSW among bidders for ACC Battery Scheme
POWER & RENEWABLE ENERGY

Reliance, JSW among bidders for ACC Battery Scheme

Reliance Industries Limited, JSW Energy, and five other prominent companies have submitted bids for the ambitious 10-gigawatt-hour (GWh) advanced chemistry cell (ACC) battery manufacturing project under the Production Linked Incentive (PLI) scheme. The initiative, aimed at bolstering domestic production of batteries for electric vehicles and energy storage systems, has attracted significant interest from industry leaders.

The PLI scheme, part of the Indian government's efforts to promote domestic manufacturing and reduce dependence on imports, offers financial incentives to companies for manufacturing high-efficiency ACC batteries. This move aligns with India's broader vision of transitioning towards electric mobility and sustainable energy solutions.

Reliance Industries, known for its diversified business interests including petrochemicals, telecommunications, and retail, has been aggressively expanding into the renewable energy sector. Their participation in the ACC battery project signals a strategic move towards capturing opportunities in the burgeoning electric vehicle market.

JSW Energy, a subsidiary of the JSW Group, brings its expertise in the energy sector to the table. With a focus on renewable energy projects and a commitment to sustainability, JSW Energy's involvement underscores the growing importance of battery technology in the clean energy transition.

The competitive bidding process reflects the growing interest and confidence in India's renewable energy and electric vehicle sectors. By fostering domestic production of ACC batteries, the government aims to enhance India's energy security, create employment opportunities, and bolster the country's position as a global player in the clean energy space.

Key players in the battery manufacturing industry recognise the potential of the Indian market and are keen to establish a strong presence. The successful implementation of the ACC battery project is expected to stimulate innovation, drive down costs, and accelerate the adoption of electric vehicles and renewable energy technologies.

As India gears up to embrace a greener future, initiatives like the ACC battery project are crucial steps towards building a sustainable and resilient economy. With strong support from industry stakeholders and government incentives, the country is poised to emerge as a key player in the global clean energy revolution.

Reliance Industries Limited, JSW Energy, and five other prominent companies have submitted bids for the ambitious 10-gigawatt-hour (GWh) advanced chemistry cell (ACC) battery manufacturing project under the Production Linked Incentive (PLI) scheme. The initiative, aimed at bolstering domestic production of batteries for electric vehicles and energy storage systems, has attracted significant interest from industry leaders. The PLI scheme, part of the Indian government's efforts to promote domestic manufacturing and reduce dependence on imports, offers financial incentives to companies for manufacturing high-efficiency ACC batteries. This move aligns with India's broader vision of transitioning towards electric mobility and sustainable energy solutions. Reliance Industries, known for its diversified business interests including petrochemicals, telecommunications, and retail, has been aggressively expanding into the renewable energy sector. Their participation in the ACC battery project signals a strategic move towards capturing opportunities in the burgeoning electric vehicle market. JSW Energy, a subsidiary of the JSW Group, brings its expertise in the energy sector to the table. With a focus on renewable energy projects and a commitment to sustainability, JSW Energy's involvement underscores the growing importance of battery technology in the clean energy transition. The competitive bidding process reflects the growing interest and confidence in India's renewable energy and electric vehicle sectors. By fostering domestic production of ACC batteries, the government aims to enhance India's energy security, create employment opportunities, and bolster the country's position as a global player in the clean energy space. Key players in the battery manufacturing industry recognise the potential of the Indian market and are keen to establish a strong presence. The successful implementation of the ACC battery project is expected to stimulate innovation, drive down costs, and accelerate the adoption of electric vehicles and renewable energy technologies. As India gears up to embrace a greener future, initiatives like the ACC battery project are crucial steps towards building a sustainable and resilient economy. With strong support from industry stakeholders and government incentives, the country is poised to emerge as a key player in the global clean energy revolution.

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?