India's Union Cabinet clears ₹14,500cr 92 GWh energy storage plan
Big news for India's green goals: the Union Cabinet just cleared a ₹14,500 crore plan to build 92 GWh of energy storage.
The idea is to make our power grid more reliable by storing extra solar and wind energy for when we need it most.
This project will roll out between FY27 and FY31 as part of a larger push for cleaner, more stable electricity.
Plan mandates minimum 40% India-made battery-parts
The plan covers battery systems, pumped storage, and some cool new tech, split as 30 GWh batteries, 60 GWh pumped storage, and 2 GWh from emerging options.
The projects will be allocated through a tariff-based competitive bidding process, and both public- and private-sector electricity distribution companies will be eligible for the fiscal support.
Plus, at least 40% of the battery parts have to be made in India, which is great for local jobs.
More storage means less wasted green power and could help lower your electricity bills down the line.