Incentive to ACC battery Storage manufacturers selected through a transparent competitive bidding process.
Incentive will be disbursed thereafter over a period of five years
Incentive amount will increase with increased specific energy density & cycles and increased local value addition
Commitments under the scheme shall include:
Set-up of an ACC manufacturing facility of minimum five (5) GWh capacity;
Beneficiary firms have to achieve a domestic value addition at the Project level within five years.
Incur the mandatory investment Rs.225 crore/GWh within 2 Years (at the Mother Unit Level) and raise it to 60% domestic value addition within 5 Years.