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Lithium-ion battery storage: India’s import dependency to fall to 20% by FY27
The GoI has taken initiatives on several demand-side measures, such as Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, Viability Gap Funding (VGF) scheme for Battery Energy Storage System (BESS), helping to bring down cost of EV and BESS, thereby stimulating demand. Read more
Foxconn to establish energy storage unit in India
The company is also keen to bring its ‘3+3 strategy’ to the country.Read more
IIT-Madras Research Park unveils 1MW indigenous battery storage system
This marks the first stationary storage system installed in a building in India.Read more
LICO Materials and Sanvaru Technology join hands to recycle Lithium batteries
This collaboration is focused on closing the loop by recovering critical minerals and supplying them back to battery manufacturers. Read more
NLC India unveils ambitious Rs 82,700 cr expansion plan for RE, Green Tech
M Prasanna Kumar, Chairman & Managing Director (CMD), shared these ambitious plans highlighting the company's focus on both conventional sectors like coal and lignite mining and innovative fields like green hydrogen production.Read more
India offers $452 mn incentives for Green Battery Storage Boost
Information Minister Anurag Thakur revealed that this program will actively support the development of a storage capacity of 4,000 megawatt hours (MWh) by the year 2030-31.Read more
Tata Power to train people for green energy jobs
Tata Power Skill Development Institute (TPSDI) is expanding its training initiatives to equip youth with skills for green energy jobs.Read more
Govt selects 4 bidders for PLI scheme for ACC battery storage
The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more
Funding for battery storage & smart grid increases in 2021
Battery storage, smart grid, and energy efficiency received $19.5 billion in corporate funding in 2021 compared to $8.1 billion in 2020, says a Mercom reportRead more
ReNew Power joins Stanford University’s StorageX Initiative
This collaboration will focus initially on large scale battery performance in India and will assist ReNew in optimising its storage solutions.Read more