India seeks prospective applicants to set up domestic advanced chemistry cell
The Ministry of Heavy Industries (MHI) has announced the re-bidding of performance linked incentives (PLI) for 20 GWh Advanced Chemistry Cell (ACC) manufacturing with Rs.18,100 crore PLI as its strategy to increase reliance on domestic manufacturing and reducing dependence on imports
In May 2021, the Cabinet had approved the Production Linked Incentive (PLI) Scheme on ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC and 5 GWh of “Niche” ACC with an outlay of Rs.18,100 crore.
With this auctioning process, the prospective applicants can submit their bids to set-up domestic manufacturing facility for advanced chemistry cell, which will help them qualify for incentives under ACC PLI scheme, the Ministry of Heavy Industries said on 20 July 2023.
The MHI said on 20 July 2023 it will be facilitating a stakeholder consultation with industry representatives on 24 July 2023 for their inputs and suggestions before the start of the re-bidding process of remaining 20 GWh capacity.
A Public Notice link: https://heavyindustries.gov.in/writereaddata/UploadFile/Notice-and-Questionnaire-for-ACC.pdf regarding this, inviting the stakeholders, has been issued.
The consultation shall be chaired by the Secretary, Ministry of Heavy Industries (MHI). The Ministry is committed to finalize the bidding documents and proceeding with the rebidding process at the earliest.
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.
These have major applications in the electric vehicles, maintaining grid stability, solar rooftop, consumer electronics etc. With India’s commitment towards renewable energy and achieving net-zero by 2070, energy storage is expected to play a crucial role in the overall energy ecosystem.
The first round of the ACC PLI bidding was concluded in March 2022, and three companies were allocated a total capacity of Thirty (30) Giga Watt Hour (GWh), and the program agreement with selected companies was signed in July 2022. Fiinews.com