Cabinet approves ₹14,500-cr funding for 92 GWh energy storage

The Union Cabinet has approved ₹14,500 crore in viability gap funding to develop 92 GWh of grid-scale energy storage capacity across India between FY27 and FY31. The scheme covers 60 GWh of pumped hydro storage, 30 GWh of battery storage and 2 GWh of emerging technologies, with an estimated total investment of ₹97,600 crore.