Daily News Wrap-Up: Power Minister Proposes PLI Program for Grid-Scale Storage

Uttar Pradesh invites bids to set up 58 EV charging stations

June 22, 2023

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Union Minister for Power and New & Renewable Energy, R.K. Singh, proposed implementing a production-linked incentive (PLI) initiative for grid-scale storage to bolster capacity and encourage ongoing investments. Grid-scale energy storage systems play a crucial role in ensuring the round-the-clock supply of renewable energy to meet the increasing energy requirements. With only public sector undertakings like NTPC and Solar Corporation of India issuing tenders for grid-scale battery storage projects so far, the PLI program would encourage more private entities to participate in developing such projects on a large scale.

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS