Centre gets 22 bids for 10 GWh battery sops

The Ministry of Heavy Industries has received 22 bids for incentives to set up 10 GWh of domestic advanced chemistry cell (ACC) manufacturing capacity in the country. An official statement this is for grid scale stationary applications of batteries.

The bidders include ACME Solar Holdings, Amara Raja Advanced Cell Technologies, Avaada Electro, Exide Energy Solutions, Fujiyama Power Systems, GK Energy, Godawari New Energy, JPM Energy Solutions, JSW Neo Energy, Lineage Power, Mahendra Sponge and Power, and Megha Engineering and Infrastructures.

Nsure Reliable Power Solutions, Reliance Industries, Renew Photovoltaics, Sai Bioenergy, Shirdi Sai Electricals, Sun Drops Energia, Utex New Energy, Vikram Solar, Waaree Energy Storage Solutions, and Zetsol Energy also submitted bids.

Technical bids were opened on Wednesday, in the presence of bidders, the statement said. The tender was floated on July 15. This for part of the National Programme on Advanced Chemistry Cell Battery Storage, approved by the Union Cabinet in May 2021 with an outlay of Rs 18,100 crore and a target of 50 GWh.

This allocation would support energy-storage requirement arising from renewable energy expansion, enhance energy security and deepen the domestic ACC value chain.