India Approves Rs 14,500 Crore Scheme for Grid-Scale Energy Storage
The Indian government has approved a Rs 14,500 crore Viability Gap Funding scheme to develop 92 GWh of grid-scale energy storage capacity. Additionally, the Union Cabinet has sanctioned Rs 2,814 crore to promote critical mineral processing, specifically lithium and nickel, to support energy storage infrastructure. This move mandates state utilities to add energy storage capacity to their systems.
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