National Programme On Advanced Chemistry Cell (ACC) Battery Storage:
The Union Cabinet has approved the proposal of the Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’.
- 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 18,100 crores.
- ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.
- It will also give a big push to electric mobility, benefiting three-wheelers, four-wheelers, and heavy vehicles.
- India is currently importing Battery Storage Equipment worth 20 thousand crore rupees and the scheme will be helpful in making the country self-reliant (Atmanirbhar).