| Advanced Chemistry Cells (ACCs) • ACCs are the new generation of advanced energy 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. • ACC batteries, critical for energy storage systems like lithium-ion batteries. |
- The Ministry of Heavy Industries (MHI) has selected Reliance Industries Ltd. as the successful bidder under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.
- It has been awarded a 10 GWh ACC manufacturing capacity based on the QCBS (Quality and Cost Based Selection) mechanism.
- The National Programme on Advanced Chemistry Cell (ACC) Battery Storage, approved in May 2021, aims to enhance India’s manufacturing capabilities in ACC and battery storage.
- The scheme focuses on setting up Giga-scale ACC manufacturing facilities with an emphasis on maximum domestic value addition.
- Beneficiary firms must achieve 25% domestic value addition initially, increasing to 60% within five years.
- The scheme includes a two-year gestation period (2023-2024) and a five-year performance period (2025-2029).
- The first round of ACC PLI bidding concluded in 2022. Three firms have been allocated 30 GWh capacity earlier.
Dig Deeper: Read about the PLI scheme in the context of Make in India.
