Production Linked Incentive Scheme for manufacturing of Advance Chemistry Cell

Production Linked Incentive Scheme for manufacturing of Advance Chemistry Cell

Part of: Prelims and Mains GS-II: Government schemes and policies

In News: The Union Cabinet has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’.

Key takeaways 

• Aim: 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 crore.
• 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 
• The scheme will be helpful in making the country self-reliant (Atmanirbhar).

News Source: PIB