Union Cabinet approves ₹14,500 crore energy storage VGF scheme
In short
The Union Cabinet approved a ₹14,500 crore scheme to support large energy storage projects in India. It covers hydro pumped storage plants, battery storage systems, and other storage technologies.
This could help India store more power and support the grid as more renewable energy is added.
What the reporting says
The Union Cabinet approved a ₹14,500 crore viability gap funding scheme to develop large-scale energy storage in India. The scheme is designed to support hydro pumped storage plant capacity, battery energy storage systems and alternative energy storage technologies. The move is aimed at expanding storage infrastructure, which can help back up renewable power and improve grid stability as India adds more clean energy capacity.
Why it matters
The Union Cabinet approved a ₹14,500 crore viability gap funding scheme for large-scale energy storage in India. The plan covers hydro pumped storage plants, battery energy storage systems and alternative storage technologies. The decision is meant to expand storage capacity, which can support renewable power integration and grid reliability.