What's New: Energy Storage
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MOEFCC Update on Circular Economy of BatteriesDecember 18, 2025
Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India has provided an update on Circular Economy of Batteries
Update: Per kWh Cost of Battery Energy Storage System Falls SteeplyDecember 15, 2025
Ministry of Power has provided an update highlighting that the cost of Battery Energy Storage System (BESS) discovered through tariff based competitive bidding during 2022-23 was about Rs 10.18 / kWh, if the storage is used for 2 cycles daily. However, the cost of BESS discovered through competitive bidding in the recent past has substantially reduced to about Rs 2.1 / kWh without VGF, if the storage is used for 2 cycles daily
ENGIE enters India's utility-scale energy storage marketNovember 24, 2025
ENGIE has announced that it has achieved a major milestone in its India growth journey by winning its first Battery Energy Storage System (BESS) project with a capacity of 280 MW/560 MWh
Adani Group Announces Strategic Entry Into Battery Energy Storage SectorNovember 11, 2025
Adani Group has announced its foray into the Battery Energy Storage Systems (BESS) sector with a pioneering 1,126 MW / 3,530 MWh project at Khavda
VGF Scheme for development of BESS through Power System Development FundJune 9, 2025
Considering the requirement of Energy Storage in the country, Minister of Power has announced provision of Viability Gap Funding to 15 number of States and NTPC at Rs. 18 Lakhs per MWh for development of 30 GWh BESS capacity supported through PSDF
Adani Green Energy Wins 1,250 MW PSP Energy Storage Capacity From UPPCLFebruary 25, 2025
Adani Green Energy Limited (AGEL) India's largest renewable energy company, has announced receiving the Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) for 1,250 MW energy storage capacity from Pumped Hydro Storage Projects (PSP)
Programme Agreement with Reliance New Energy Battery Limited for 10 GWh capacityFebruary 18, 2025
In a major step forward for India's advanced battery manufacturing sector, the Ministry of Heavy Industries (MHI), Government of India, has signed a Programme Agreement with Reliance New Energy Battery Limited (a subsidiary of Reliance Industries Limited) under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC)
MHI awards 10 GWh capacity under PLI ACC schemeSeptember 4, 2024
The Ministry of Heavy Industries (MHI), Government of India has announced the selection of successful bidder under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage. Reliance Industries Limited has been awarded 10 GWh ACC capacity under PLI scheme based on QCBS mechanism
Cabinet approves VGF for development of Battery Energy Storage SystemsSeptember 6, 2023
The Union Cabinet has approved the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS). The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of upto 40% of the capital cost as budgetary support in the form of Viability Gap Funding (VGF)
Allotment under PLI Scheme for Advanced Chemistry Cell Battery StorageMarch 24, 2022
A total of 4 companies have selected for incentive under Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage. This includes Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Hyundai Global Motors Company Limited and Rajesh Exports Limited
