INR 18000 Crores PLI scheme for Battery Storage Solution.
Our Green Hydrogen/ Solar/ Wind Power / EV plans can not be successful without adequate Energy Storage Solution.
This PLI scheme is for ACC Battery manufacturing. ACC stands for Advance Chemistry Cells Battery project - so it is left to the manufacturer an option whether to go for Lithium Ion or Sodium Ion.
Among the conglomerates, Reliance & L&T seems to have applied for the PLI scheme.
Reliance has made it very clear that they would go for Sodium Ion battery after they have quietly acquired Faradion.
While Larsen & Toubro Ltd. (L&T) and ReNew Power, a renewable energy company, have entered into a partnership agreement to tap the emerging green hydrogen business in India.
Among the Automobile OEM’s, Hyundai, M&M, TVS, Ola electric are the names …
Among the existing battery manufacturers Amar Raja and Exide are the candidates.
Among 10 names, others are Rajesh exports , India power corporation,(picked up these two names from another article). While India power is already in to renewables , but for Rajesh exports which is in to Gold and jewellery business , it is an unrelated area
Interestingly, names like Tata power and Adani are missing …not opted for the PLI scheme for Battery Storage solution ? …in any case both are Cash rich companies…and they may have their own definite plans !