Government Approves ₹14,500 Crore Scheme for Large-Scale Energy Storage

The Union Cabinet has approved a major financial support programme worth ₹14,500 crore to accelerate the development of large-scale energy storage systems in India. The scheme aims to support approximately 92 gigawatt-hours of grid-scale storage capacity through viability gap funding. Energy storage is becoming increasingly important as India expands its solar and wind energy generation capacity. Battery storage systems can help maintain electricity availability when renewable generation fluctuates and demand increases. The initiative is expected to support grid stability, improve energy management and encourage private investment in modern electricity infrastructure. It also represents an important step towards India's long-term clean energy objectives.