government policy

India's Union Budget for 2023-2024, announced by Finance Minister Nirmala Sitharaman (centre) earlier this year in New Delhi, gave the energy storage industry encouragement in its show of support. Image: Union Gov't of India.

India’s national budget includes viability gap funding for 4GWh of energy storage

February 1, 2023
India has committed to helping fund 4,000MWh of battery storage in its Union Budget and will come up with support mechanisms for pumped hydro.

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