ACC-PLI: MHI holds stakeholder consultation for balance 20GWh capacity
The Ministry of Heavy Industries, Government of India on Monday concluded a stakeholder consultation regarding re-bidding of balance 20GWh (of 50GWh) Advanced Chemistry Cell (ACC) capacity under the Production Linked Incentive (PLI) scheme for ACC battery storage.
Facilitated under the Chairmanship of Secretary of the MHI, the stakeholder consultation garnered industry inputs and comments on investments, domestic value addition, testing, component ecosystem, eligibility requirements and suggestions on further improving ACC matrix criteria for disbursement of the subsidy.
In May 2021, the Cabinet approved PLI Scheme on "National Programme on Advanced Chemistry Cell (ACC) Battery Storage" for achieving manufacturing capacity of 50 GWh of ACC and 5 GWh of "Niche" ACC with an outlay of Rs.18,100 crore.
In March 2022, the first round of the ACC PLI bidding concluded and four companies were allocated a total capacity of 50 GWh.
However, Hyundai Global Motors which was allotted 20 GWh capacity pulled out of the scheme later, following which MHI opened the window for re-bidding of the balance 20GWh capacity under the scheme.
The ministry is yet to share timeline for the release of tender for the balance 20GWh ACC capacity.