Cabinet clears Rs 14,500 crore energy storage support plan
In short
The Union Cabinet approved a ₹14,500 crore plan to build 92 GWh of energy storage capacity. It covers pumped storage and battery storage systems.
The decision matters because it is meant to support renewable energy and reduce import dependence for critical minerals like lithium and nickel.
What the reporting says
The Union Cabinet has approved a ₹14,500 crore funding scheme to develop 92 GWh of grid-scale energy storage capacity. The plan covers hydro pumped storage and battery energy storage systems to support renewable energy growth, according to an Economic Times Foreign Trade summary. The Cabinet also approved a scheme to process critical minerals such as lithium and nickel and a ₹4,371.10 crore scheme to modernize the statistical system.
Why it matters
The Union Cabinet has approved a ₹14,500 crore viability support-style scheme for 92 GWh of grid-scale energy storage, including hydro pumped storage and battery energy storage systems. The same package also includes a scheme for processing critical minerals such as lithium and nickel, plus a ₹4,371.10 crore statistical system modernization plan. The reported policy push is aimed at energy transition and supply-chain resilience.