India To Require State Utilities to Add Energy Storage Capacity
· India · Crude Oil Prices Today | OilPrice
The Indian cabinet approved a Rs.14,500 crore Viability Gap Funding Scheme to develop 92 GWh of grid-scale energy storage capacity for state utilities. The scheme aims to meet rising renewable energy targets by providing financial support for large-scale battery projects. State-run utilities will be required to implement the storage additions to ensure grid stability. This move is part of the government's broader push to boost clean energy infrastructure across the country.
Why it matters
State utilities will receive direct funding to install large battery systems, reducing reliance on fossil‑fuel peaker plants and improving power reliability for millions of consumers. The funding also accelerates India's transition to renewable energy by addressing intermittency issues.
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