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PLI Scheme For Battery Recycling: A Cornerstone Opportunity For India’s Energy Security

Inc42 · 1y ago

PLI Scheme For Battery Recycling: A Cornerstone Opportunity For India’s Energy Security

The article discusses the need for a Production Linked Incentive (PLI) scheme for battery recycling in India. Battery recycling plays a crucial role in achieving eco-sustainability and resource circularity, as well as maximizing the economic benefits of clean technologies. PLI schemes have been successful in boosting the manufacturing sector and attracting foreign investment. Implementing a PLI scheme for battery recycling would incentivize companies to invest in capacity building, innovation, and resource efficiency. It would not only benefit the battery industry but also other sectors such as renewables, electric vehicles, consumer electronics, and more.

Related News

In the bag: Reliance inks pact for up to ₹3,620 cr worth of battery PLI | Company Business News

Livemint

Livemint · 4m ago

In the bag: Reliance inks pact for up to ₹3,620 cr worth of battery PLI | Company Business News

Reliance New Energy Battery Ltd, a unit of Reliance Industries Ltd, secured a production-linked incentive (PLI) agreement worth ₹3,620 crore from the Indian government to establish 10 GWh of advanced chemical cells (ACC) manufacturing capacity. This initiative is part of a broader ₹18,100-crore PLI scheme aimed at enhancing India’s electric mobility and battery storage ecosystem. The scheme overall targets achieving 50 GWh total manufacturing capacity, with Reliance and other companies already securing portions of this incentive.

PLI Should Focus On EV Cells Manufacturing, Not Batteries: GTRI

Inc42 · 10m ago

PLI Should Focus On EV Cells Manufacturing, Not Batteries: GTRI

The Global Trade Research Initiative (GTRI) has recommended that the production linked incentive (PLI) scheme should prioritize the production of electric vehicle (EV) cells or lithium-ion cells rather than batteries. GTRI states that the Indian government should allow the domestic EV sector to grow organically without heavy reliance on incentives, in order to prevent India from becoming dependent on China for EV manufacturing. GTRI also suggests investing in battery recycling infrastructure and supporting clean energy sources for EV charging stations.

Ola Electric gets govt notice for missing PLI targets

Inshorts · 4m ago

Ola Electric gets govt notice for missing PLI targets

Ola's battery unit Ola Cell Technologies reportedly received government notice for failing to meet targets specified under the PLI ACC scheme. In 2022 Ola was selected for PLI scheme to establish a 20 GW local battery manufacturing facility. According to reports, Ola Electric, Reliance battery storage, among others will have to pay penalty for missing the targets under the scheme.

Centre Working On New PLI Scheme For Drone Sector

Inc42 · 9m ago

Centre Working On New PLI Scheme For Drone Sector

- New PLI scheme promises enhanced implementation and documentation - Drone sector categorized into civilian use, security/defence forces use, and unregulated use - Government introduced INR 120 Cr PLI scheme for drones in 2021 - PLI scheme has a three-year tenure starting from 2021-22 - Focus on streamlining and strengthening the drone industry - Aims to promote domestic manufacturing and augment job creation

PLI Scheme: IPO-Bound Ola Electric Gets Domestic Value Addition Certificate

Inc42 · 1y ago

PLI Scheme: IPO-Bound Ola Electric Gets Domestic Value Addition Certificate

Ola Electric, an IPO-bound startup, has become the first Indian two-wheeler manufacturer to receive the domestic value addition (DVA) certificate under the production linked incentive (PLI) scheme for the automobile and auto component industry. This certification enables Ola Electric to be eligible for incentives ranging from 13% to 18% of determined sales value for up to five consecutive financial years. The PLI scheme aims to boost domestic manufacturing and promote clean mobility in India. Ola Electric is also awarded capacity under the PLI scheme for advanced chemistry cell battery storage.

Govt approves PLI for electronics components; industry applauds

Inshorts · 3m ago

Govt approves PLI for electronics components; industry applauds

The Union Cabinet approved a ₹22,919 crore PLI scheme for electronics components, boosting the 'Make in India' initiative and strengthening manufacturing. Industry associations like IESA, FAIITA, and companies like HCL have welcomed the move, signaling positive growth for India’s electronics sector. The scheme is expected to drive innovation and job creation.

India can be a global hub for wind turbines: Suzlon’s Girish Tanti

Livemint

Livemint · 5m ago

India can be a global hub for wind turbines: Suzlon’s Girish Tanti

India has the potential to become a hub for wind power component manufacturing, supported by policies like production-linked incentives. Girish Tanti of Suzlon Energy emphasizes India’s robust ecosystem, involving around 2,500 MSMEs. Although local content in solar stands at 20%, wind power projects boast about 64%. To boost this, fiscal support akin to solar’s PLI scheme is advocated. India targets 10% of global wind demand by 2030, with ongoing exports to multiple countries.

Govt To Invite Bids For Building 10 GW Battery Storage Projects

Inc42 · 9m ago

Govt To Invite Bids For Building 10 GW Battery Storage Projects

- Vijay Mittal, joint secretary in the Ministry of Heavy Industries, stated that the new projects will enhance India's presence in the energy storage sector. - Out of the 50 GWh allotted under the PLI scheme, over 40 GWh has been designated for OEMs to promote domestic manufacturing of ACCs. - Reliance Industries Ltd was recently selected as the successful bidder for 10 GWh ACC manufacturing under the PLI scheme. - The initiatives aim to strengthen India's position in the energy storage segment and boost indigenous manufacturing. - The Ministry of Heavy Industries is actively working towards promoting the adoption of advanced energy technologies in the country.

Reliance to Begin Solar PV Production in 2025, Power India’s Renewable Push

OutlookIndia

OutlookIndia · 1m ago

Reliance to Begin Solar PV Production in 2025, Power India’s Renewable Push

Reliance Industries will begin producing solar photovoltaic modules in 2025, a pivotal move to boost India's renewable energy efforts and reduce its dependence on imports. The company plans to scale up its solar PV module capacity to 20 GW per year and commence battery and micro power electronics production. This initiative aligns with India's goal to reach 500 GW non-fossil power capacity by 2030, supported by the government’s Production Linked Incentive (PLI) scheme.

Redwood Materials raises $1B to expand US battery supply chain

TechCrunch · 1y ago

Redwood Materials raises $1B to expand US battery supply chain

Battery recycling startup Redwood Materials has secured over $1 billion in a Series D funding round, valuing the company at over $5 billion. The funding will be used to expand capacity and establish a domestic battery supply chain in the US. Redwood aims to produce battery materials, like lithium and cobalt, domestically to reduce dependence on China, which currently processes a significant portion of the world's battery materials. The company's plans include recycling facilities and remanufacturing plants for cathode and anode copper foil. The funding comes after the US Department of Energy approved a $2 billion loan for Redwood.

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