PLI Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage
The Ministry of Heavy Industries & Public Enterprises presents the PLI Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage. This scheme is designed to boost the production of advanced chemistry cell (ACC) batteries in India and promote the adoption of clean and efficient energy storage solutions.
Quantum/ size of overall fund (only for funding):
Budgetary outlay of Rupees 18,100 crores
Tenure:
The scheme has an initial 2 (two) years of Gestation Period from the Appointed Date (AD) (01.01.2023 to 31.12.2024) and Five Years post gestation period (01.01.2025 to 31.12.2029) is the Performance Period.
Benefits:
Facilitate demand creation for battery storage in India.
Facilitate Make-in-India and Atmanirbhar Bharat, thereby emphasizing domestic value capture and reduction in import dependence.
Facilitate demand for EVs, which are proven to be significantly less polluting. One of the key agendas for ACC battery storage will be to reduce India’s Greenhouse Gas (GHG) emissions.
Import substitution of around INR 200 billion – INR 250 billion (US$2.76 – US$3.45 billion) every year, on account of oil imports as this scheme is expected to accelerate EV adoption in India.
Impetus to research and development to achieve higher specific energy density and cycles in ACC.
Promote newer and niche cell technologies.