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Consider the following statements regarding the National Programme on Advanced Chemistry Cell (ACC) Battery Storage:
1. It envisages setting up of a cumulative ACC manufacturing capacity of 50 GWh.
2. It is an initiative of the Ministry of Science and Technology.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements regarding the National Programme on ...
Recently, the Ministry of Heavy Industries successfully convened a pre-bid meeting in New Delhi, laying the foundation for the second round underthe Production Linked Incentive (PLI) scheme for Advanced Chemistry Cells (ACC) for cumulative 10 GWh PLI ACC capacity.
- These are the new generation technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.
Key facts about PLI scheme for Advanced Chemistry Cells
- The scheme is called National Programme on Advanced Chemistry Cell (ACC) Battery Storage.
- The Indian government aims to promote the manufacturing of technology-agnostic ACCs within the country, aligning with its commitment to fostering innovation and self-reliance in the renewable energy sector.
- The scheme envisages setting up of a cumulative ACC manufacturing capacity of fifty (50) GWh for ACCs and an additional cumulative capacity of (5) GWh for Niche ACC Technologies.
- The manufacturing facility as proposed by the beneficiary firm would have to be commissioned within a period of 2 years.
- The subsidy will be disbursed thereafter over a period of 5 years.
- The beneficiary has to ensure achieving a domestic value addition of at-least 25% and incur the mandatory investment (₹ 225 crore /GWh) within 2 Years (at the Mother Unit Level) and raise it to 60% domestic value addition within 5 Years, either at Mother Unit, in-case of an Integrated Unit, or at the Project Level, in-case of “Hub & Spoke” structure.
- Nodal Ministry: Ministry of Heavy Industries
Hence only statement 1 is correct.
Most Upvoted Answer
Consider the following statements regarding the National Programme on ...
Statement Analysis
The two statements given regarding the National Programme on Advanced Chemistry Cell (ACC) Battery Storage are as follows:
Statement 1: It envisages setting up of a cumulative ACC manufacturing capacity of 50 GWh.
Statement 2: It is an initiative of the Ministry of Science and Technology.
Correct Answer and Explanation
The correct answer is option A, which is "1 only."
The first statement is correct as the National Programme on Advanced Chemistry Cell (ACC) Battery Storage indeed aims to set up a cumulative ACC manufacturing capacity of 50 GWh. This initiative is part of the government's efforts to promote the domestic manufacturing of advanced chemistry cells to support the electric mobility and stationary energy storage market in India.
The second statement, however, is incorrect. The National Programme on Advanced Chemistry Cell (ACC) Battery Storage is actually an initiative of the Ministry of Heavy Industries, not the Ministry of Science and Technology. The Ministry of Heavy Industries and Public Enterprises is responsible for the overall implementation of the program to boost the manufacturing of ACCs in the country.
Therefore, only statement 1 is correct, while statement 2 is incorrect.
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Consider the following statements regarding the National Programme on Advanced Chemistry Cell (ACC) Battery Storage:1. It envisages setting up of a cumulative ACC manufacturing capacity of 50 GWh.2. It is an initiative of the Ministry of Science and Technology.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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