Daily News Wrap-Up: Power Minister Proposes PLI Program for Grid-Scale Storage
Uttar Pradesh invites bids to set up 58 EV charging stations
June 22, 2023
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Union Minister for Power and New & Renewable Energy, R.K. Singh, proposed implementing a production-linked incentive (PLI) initiative for grid-scale storage to bolster capacity and encourage ongoing investments. Grid-scale energy storage systems play a crucial role in ensuring the round-the-clock supply of renewable energy to meet the increasing energy requirements. With only public sector undertakings like NTPC and Solar Corporation of India issuing tenders for grid-scale battery storage projects so far, the PLI program would encourage more private entities to participate in developing such projects on a large scale.