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PLI ACC Scheme: Ministry of Heavy Industries Grants 10 GWh Capacity Allocation
The Ministry of Heavy Industries has recently granted a 10 GWh capacity allocation to Reliance under the Production Linked Incentive (PLI) Advanced Chemistry Cell (ACC) scheme. This move is a significant boost for Reliance, aligning with India’s ambitious goals in battery manufacturing and energy storage. The PLI ACC scheme aims to encourage domestic manufacturing of high-efficiency storage technologies, crucial for electric vehicles (EVs) and renewable energy integration.
Other prominent companies such as Amara Raja, Waaree, JSW, and TVS Group are currently on the waitlist for future capacity awards under the same scheme. Their inclusion highlights the growing interest in advanced battery technologies and India’s push towards a cleaner, more sustainable energy future.
The Importance of the PLI ACC Scheme
The PLI ACC scheme is a strategic initiative by the Indian government to reduce dependence on imported energy storage solutions. By incentivizing domestic production, the government aims to create a robust battery manufacturing ecosystem, which is vital for the electric mobility and renewable energy sectors.
What This Means for India
This development marks another step toward achieving India’s energy independence and its goal of achieving 500 GW of renewable energy capacity by 2030. The scheme not only helps in promoting domestic industries but also enhances India’s global competitiveness in advanced chemistry cells.
