India approves $1.53 billion in funding for 92 GWh of grid-scale energy storage

India's viability gap funding scheme targets deployment of pumped hydro, battery, and alternative storage technologies by fiscal 2030-31, with a domestic content requirement for battery projects.

First covered Nov 5, 2026 · 10:59 PM PT · 1 article

India approves $1.53 billion in funding for 92 GWh of grid-scale energy storage — Image via pv-magazine.com

Coverage

5d PV Magazine India approves $1.53 billion viability gap funding scheme for development of 92 GWh grid-scale energy storage — India has approved INR 14,500 crore ($1.53 billion) in viability gap funding to support 92 GWh of grid-scale energy storage capacity by fiscal 2030-31.

More coverage from around the web

von.gov.ng India Approves $1.53 Billion Energy Storage Scheme - Voice of Nigeria

mercomindia.com Cabinet Approves ₹145 Billion Viability Gap Funding for 92 GWh Energy Storage - Mercom India

oilprice.com India to Require State Utilities to Add Energy Storage Capacity

constructionreviewonline.com India Approves US$1.53 Billion Scheme to Develop 92GWh of Energy Storage Capacity

transclew.com Central government to spend ₹14,500 crore on storing electricity — transclew.

Appeared in: 2026-11-06 (#1)

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