November 22, 2024 21:27 (IST)
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Union Cabinet approves Viability Gap Funding for 4,000 MWh battery energy storage projects

Union Cabinet approves Viability Gap Funding for 4,000 MWh battery energy storage projects

New Delhi: The Union Cabinet has approved the scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS) with an initial outlay of Rs.9,400 crore, including budgetary support of Rs 3,760 crore.

TERI launches pilot study to introduce Battery Energy Storage System (BESS) to upgrade power infrastructure

TERI launches pilot study to introduce Battery Energy Storage System (BESS) to upgrade power infrastructure

Kolkata, Nov 26 (IBNS): With increasing electricity consumption, the distribution transformers get overloaded during peak load hours. In order to reduce the stress on transformers during peak hours and reduce the peak power requirement, The Energy and Resources Institute (TERI), with support from MacArthur Foundation, launched a first-of-its-kind pilot project in India to support implementation of Battery Energy Storage Systems (BESS) at distribution level, in Kolkata.