Powering the Future: National Mission on Transformative Mobility and Battery Storage Policies for Promoting Domestic Manufacturing of Energy Storage in India
The Indian government has recognized the immense potential of energy storage technologies in transforming the country’s mobility landscape and driving sustainable growth. In January 2019, Prime Minister Narendra Modi announced the National Mission on Transformative Mobility and Battery Storage, a strategic initiative aimed at boosting domestic manufacturing of batteries and electric vehicles (EVs) (GOI 2019c). This mission marks a significant step towards realizing India’s vision of a cleaner and more sustainable transportation sector, while also addressing the pressing need for energy storage solutions to support the integration of renewable energy sources into the grid.
One of the key aspects of the National Mission on Transformative Mobility and Battery Storage is the promotion of domestic manufacturing of energy storage technologies. While previous policies have primarily focused on the use of batteries in the transportation sector, this mission seeks to expand the scope to include other applications of energy storage, such as grid-scale storage, behind-the-meter storage, and off-grid applications. By encouraging the establishment of battery manufacturing facilities within the country, the government aims to reduce dependence on imports, create employment opportunities, and foster the growth of a robust and competitive energy storage industry in India.
To support the domestic manufacturing of energy storage, the National Mission on Transformative Mobility and Battery Storage includes a range of policies and incentives. These measures aim to provide a conducive environment for battery manufacturing companies to set up operations in India, invest in research and development, and scale up production. Some of the key policies include tax incentives, import duty waivers, preferential market access, and financial support for research and development. Additionally, the mission also emphasizes the importance of developing a skilled workforce and building a robust supply chain ecosystem to support the growth of the energy storage industry in India.
The National Mission on Transformative Mobility and Battery Storage also recognizes the need for technology innovation and collaboration between academia, industry, and research institutions. The mission encourages partnerships between Indian and international entities for knowledge sharing, research, and development of advanced battery technologies. These collaborations are expected to drive innovation, accelerate the deployment of energy storage solutions, and contribute to the growth of the domestic energy storage manufacturing sector.
The National Mission on Transformative Mobility and Battery Storage has the potential to be a game-changer for the energy storage industry in India. By promoting domestic manufacturing, incentivizing research and development, and fostering collaboration between stakeholders, this mission can help India become a global leader in energy storage technologies. It will not only contribute to the growth of the transportation sector but also support the integration of renewable energy sources, enhance grid stability, and foster sustainable development in the country.
In conclusion, the National Mission on Transformative Mobility and Battery Storage is a significant step towards promoting domestic manufacturing of energy storage in India. With its comprehensive policy framework, incentives for research and development, and focus on collaboration and innovation, this mission has the potential to accelerate the growth of the energy storage industry and drive the transition towards a cleaner and more sustainable energy future for India.
References:
- Government of India (GOI). (2019c). Press Information Bureau. Cabinet approves proposal for implementation of ‘National Mission on Transformative Mobility and Battery Storage’. Retrieved from https://pib.gov.in/Pressreleaseshare.aspx?PRID=1561734