Rs 14,500 Crore push to power India round the clock, targets 92GWh grid energy storage

The Union Cabinet, chaired by Prime Minister Narendra Modi on November 4, approved a Viability Gap Funding (VGF) Scheme worth Rs 14,500 crore for grid-scale energy storage. The scheme will back 92 GWh of new storage capacity between FY 2026-27 and FY 2030-31. It is expected to draw a total investment of Rs 97,600 crore. The new capacity equals 170 per cent of India’s present grid-scale storage base. In plain terms, the country plans to build in five years nearly twice what it has today. Every ru

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