Global webinar on India’s ACC Battery Manufacturing Production Linked Incentive Program

COURSE | Started On : Tuesday, 24 August 2021 15:14 |

Free for IESA Members.

Welcome to the Global Webinar on India’s ACC Battery Manufacturing Production Linked Incentive Program.

Webinar Overview

The Indian government approved the much-awaited Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery manufacturing with the view to make India 'Atmanirbhar' in the manufacturing of advanced storage technologies. The scheme proposed by DHI is aimed at achieving a manufacturing capacity of 50GWh of ACC and 5 GWh of "Niche" ACC in India with an outlay of Rs.18,100 crore (approx 2.5 billion USD). At present India imports INR 20,000 crore worth of battery storage equipment, with the newly approved PLI scheme battery manufacturing, India will be able to make advanced battery storage technologies domestically and reduce its reliance on imports.

ACCs are the new generation of advanced 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. Currently, battery storage is being used in consumer electronics, electric vehicles, advanced electricity grids, solar rooftops, among others -- these sectors are expected to achieve robust growth in the coming years, and with that, the demand for battery storage is also expected to surge. It is expected to attract investments of INR 45,000 crore. It will also give a significant push to electric mobility in India and make way for long-lasting and fast-charging batteries manufactured in India.

ACC battery manufacturers will be selected through a transparent competitive bidding process. The manufacturing facility would have to be commissioned within two years. The incentive will be disbursed thereafter for five years. The amount will increase with increased specific energy density & cycles and increased local value addition. Each manufacturer would have to commit to set-up an ACC manufacturing facility of a minimum five (5) GW capacity and ensure a minimum 60% domestic value addition at the Project level within five years per Unit, in case of an Integrated Unit, or at the Project Level, in-case of "Hub & Spoke" structure. This webinar will have a discussion on the ACC scheme details, plan and timeline for the program.

Takeaways