×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 19 September, 2022

  • 6 Min Read

National Programme on Advanced Chemistry Cell (ACC)

National Programme on Advanced Chemistry Cell (ACC) Energy Storage

Recently, NITI Aayog presented a report on the current status and future trends in the ACC battery sector.

About

  • The report emphasizes the potential role of the Production Linked Incentive (PLI) scheme on ACC energy storage in creating domestic economic value.
  • The policies and incentives recommended in this report could pave the way for top-level battery manufacturers to invest in India.

National Programme on Advanced Chemistry Cell (ACC) Energy Storage

  • Nodal Ministry: the Ministry of Heavy Industries & Public Enterprises, Government of India
  • Budget allocation: Rs. 18,100 crores
  • Target: Manufacturing capacity of 50 GigaWattHour (GWh) of ACC and 5 GWh of niche ACC.

Key Features:

  • The cash subsidy will be offered on output, i.e. the volume of cells manufactured and sold by the beneficiaries.
  • Technology agnostic initiative - only cells with higher performance specifications (i.e., Energy Density & Cycle Life) will be eligible to avail of the incentives.
  • There is an optimal sharing of risk between the beneficiary firm and the Government and thus will bolster investors’ confidence.

Benefits:

  • Direct investment of around Rs. 45000 crore in ACC Battery storage manufacturing projects.
  • It will give a boost to the Make in India Programme and attract global investments into the setting-up of ‘Gigafactories’ here.
  • Promoting newer and niche cell technologies.
  • The manufacturing of ACCs will facilitate the production and use of Electric Vehicles.
  • Import substitution of around Rs.20,000 crore every year.
  • Exploitation of non-renewable resources and dependency on oil imports will reduce.
  • It will assist in reducing emissions and hence enabling us to achieve our INDCs.
  • It will encourage the manufacturers to invest into Research & Development and to manufacture such cells in India.

Source: PIB


Pradhan Mantri Suryodaya Yojana

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an

Foreign Contribution Regulation Act (FCRA)- NGO 

The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description

Voice clone-AI

Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na

Science communication- how to promote

Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI

Universal Basic Income (UBI)- Analysis

Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co

Toppers

Search By Date

Newsletter Subscription
SMS Alerts

Important Links

UPSC GS Mains Crash Course - RAW Prelims Answer Key 2024