India’s new ₹14,500 crore funding scheme aims to add 92GWh of grid-scale storage, including 30GWh of batteries and 60GWh of pumped storage. By storing surplus renewable power for later use, these systems could stabilize the grid, reduce power cuts and potentially lower electricity costs.
Mint Explainer | What does ₹14,500 crore push for 92 GWh of energy storage mean for India's green energy transition?
EXECUTIVE SUMMARY
India’s new ₹14,500 crore funding scheme aims to add 92GWh of grid-scale storage, including 30GWh of batteries and 60GWh of pumped storage. By storing surplus renewable power for later use, these systems could stabilize the grid, reduce power cuts and potentially lower electricity costs.
Key Takeaways
- Mint Explainer | What does ₹14,500 crore push for 92 GWh of energy storage mean for India's green energy transition?.
- India’s new ₹14,500 crore funding scheme aims to add 92GWh of grid-scale storage, including 30GWh of batteries and 60GWh of pumped storage.
- By storing surplus renewable power for later use, these systems could stabilize the grid, reduce power cuts and potentially lower electricity costs.
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