Context: The Ministry of Heavy Industries has invited global bids to establish 10 GWh Advanced Chemistry Cell Batteries (ACC) manufacturing capacity under the Production Linked Incentive (PLI) Scheme.
Explanation
- Advanced Chemistry Cell (ACC) batteries are next-generation rechargeable batteries with high energy density, long life, and improved safety, used in Electric Vehicles (EVs) and Battery Energy Storage Systems (BESS).
- The Production Linked Incentive (PLI) Scheme provides financial incentives linked to incremental production to promote domestic manufacturing and global competitiveness.
- ACC batteries enable large-scale storage of electricity generated from renewable energy sources like solar and wind, ensuring grid stability.
- The scheme supports Make in India, Atmanirbhar Bharat, energy security, import substitution, and the development of a domestic battery manufacturing ecosystem.
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