The government is working on a productionlinked incentive (PLI) scheme worth as much as ₹15,000 crore to encourage the setting up of grid-scale battery storage, with the draft of the scheme expected to be released within a month, two people familiar with the development said.
Grid-scale battery storage systems or battery energy storage systems (BESS) can store renewable energy and release it at times of high demand to maintain grid stability.
"The scheme is in the works. The incentive may be in the range of ₹10,000-15,000 crore," one of the two people said. "We are trying to ensure that the specifications of this PLI scheme do not overlap with the ongoing scheme for advanced chemistry cells (ACC), as the key requirement of grid-scale battery storage is grid stability and the flow of power continues at a regular frequency, and the ramp rate is not as high compared to the ACC battery, largely used in e-mobility."
This story is from the June 05, 2023 edition of Mint Mumbai.
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This story is from the June 05, 2023 edition of Mint Mumbai.
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