India’s 2026 Union Budget promotes the energy storage sector by offering fiscal incentives for lithium-ion battery manufacturing. The extension of customs duty exemptions for related equipment aims to reduce production costs, improve viability, and attract investments. This policy supports renewable energy integration and positions India as a competitive hub in battery technology.

The post Union Budget 2026 Strengthens India’s Grid Storage Ecosystem with Targeted Push for Lithium-Ion BESS Manufacturing appeared first on SolarQuarter.

ChemVolt Global has inked a MoU with the Andhra Pradesh government for the development of a 5 GWh lithium-ion cell manufacturing gigafactory. The facility will have a  planned investment of Rs 25 billion. The gigafactory [...]

The post ChemVolt Global inks MoU with Andhra Pradesh government for 5 GWh lithium-ion cell manufacturing facility appeared first on Renewable Watch.