On 08 October 2025, the Union Cabinet, led by Prime Minister Narendra Modi, approved a viability gap funding (VGF) scheme worth Rs 3,499 crore to support the development of battery energy storage systems (BESS) across India, targeting a total capacity of 4,000 megawatt-hours. . On 08 October 2025, the Union Cabinet, led by Prime Minister Narendra Modi, approved a viability gap funding (VGF) scheme worth Rs 3,499 crore to support the development of battery energy storage systems (BESS) across India, targeting a total capacity of 4,000 megawatt-hours. . New Delhi: The Union Budget aims to accelerate grid-scale energy storage and enable seamless integration of renewable energy, Union Minister Pralhad Joshi said on Sunday. Sharing his views on the budget announcements by Finance Minister Nirmala Sitharaman, the Minister of New and Renewable Energy. . The Union Cabinet approved the Viability Gap Funding (VGF) Scheme for Battery Energy Storage Systems (BESS) on 6th September 2023, to support the development of BESS. As per the Scheme, VGF support will be provided for BESS approved during 2023-26. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present. OR - Shows results where either term (or both. . Budget 2026-27 announces INR 20,000 crore for CCUS, extends nuclear import exemptions, boosts battery storage and mineral processing, and restructures PFC-REC to strengthen energy security and clean-tech manufacturing. The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost as budgetary support in the form of Viabil ty Gap Funding (VGF).
Explore the latest trends in grid-scale energy storage beyond lithium-ion. Learn about flow batteries, including Salgenx's membrane-free saltwater system, iron-air, sodium-ion, and gravity-based storage solutions shaping the future of renewable energy integration. . Lithium-ion batteries have already achieved the kind of speed, scale, and cost-reduction trajectory that makes market entry increasingly difficult for alternatives. Against this backdrop, flow batteries. . Flow batteries are rechargeable batteries where energy is stored in liquid electrolytes that flow through a system of cells. By storing energy from both renewable sources, such as solar and wind, and the conventional power grid, BESSes balance supply and demand, stabilizing power. . TerraFlow's LDUPS™ systems, designed to cycle 20,000 to 40,000 times without significant degradation, offer a much longer lifespan than lithium-ion batteries. The combination of extended life and U.
