National Advanced Chemical Cell Battery Storage Program Scheme
Recently, a proposal of PLI Scheme National Advanced Chemical Cell Battery Storage Program was introduced by the Ministry of Heavy Industries, which has been approved by the Union Cabinet.
It should be noted that in the near future, consumer electronic goods, electric vehicles, advanced power grids, solar energy, etc., will require such battery on huge scale.
National Advanced Chemical Cell Battery Storage Program Scheme
- Under this scheme, batteries with advanced chemistry cell– ACC capacity of 50 GWh and 5 GWh watt will be manufactured.
- The cost of these Tesla-style Giga factories is Rs 18,100 crore. The Advanced Chemical Cell (ACC) is a new generation battery, under which electricity can be stored as electro-chemical or chemical energy and can be converted back into electrical energy when needed.
- Setup a cumulative 50 GWh of ACC manufacturing facilities in India under the Programme. Direct investment of around Rs. 45,000 crore in ACC Battery storage manufacturing projects.
- Each selected ACC battery Storage manufacturer would have to commit to set-up an ACC manufacturing facility of minimum five (5) GWh capacity and ensure a minimum 60% domestic value addition at the Project level within five years.
- The “National Advanced Chemical Cell Battery Storage Program” will reduce import dependence; as such batteries are currently imported into India. The manufacture of ACC batteries in India will also help the self-reliant India campaign.
- The ACC battery storage manufacturer will be selected through a transparent competitive bidding process. After selection, the manufacturing unit will have to start work within two years.
- The ACC battery storage construction projects will generate an investment of about Rs 45,000 crore.
- Battery manufacturing demand in India will be met. Make in India will get a boost and dependence on imports will be reduced.
- Under this scheme, the manufacture of ACC batteries will give impetus to electric powered vehicles (EVs), and reduce dependence on petrol and diesel. This will address the challenges of climate change.
- Research and development will be encouraged to achieve high specific energy density in the ACC. New and compatible battery technologies will be encouraged.
Source – PIB
