The Production Linked Incentive scheme, National Programme on Advanced Chemistry Cell (ACC) Battery Storage
National Programme on Advanced Chemistry Cell (ACC) Battery storage was approved by the Union Cabinet on 12.05.2021 with budgetary outlay of Rupee 18,100 crores. This scheme will strengthen the ecosystem for Electric Mobility and Battery Storage in the country. The scheme envisages to enhance India’s manufacturing capabilities of Advanced Chemistry Cell (ACC) by setting up of Giga scale ACC and battery manufacturing facilities in India with emphasis on maximum domestic value addition. This scheme will promote Make in India initiative.
The beneficiary firm has to ensure achieving a domestic value addition of at-least 25% and raise it to 60% within 5 Years while also making the mandatory investment of Rupee 225 crore /GWh for committed capacity within 2 Years. The scheme has 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. Three beneficiary firms have been allocated total capacity of 30 GWh i.e. 20 GWh is now available for fresh allocation.
