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Cabinet clears ₹14,500 crore VGF scheme for 92 GWh energy storage capacity
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Fusion42 · 4 November 2026 · Fusion42 review
The Indian Cabinet approved a ₹14,500 crore Viability Gap Funding scheme to develop 92 GWh of grid-scale energy storage capacity by FY31, including hydro pumped storage plants and battery systems, to support renewable energy integration and ensure reliable power supply.
This Wire brief sits within Fusion42's coverage of Climate Tech, and 5 sources have reported it.
◆ ◆ The Wire takeaway
You must prepare for rapid expansion in India's energy storage sector as government funding makes large projects viable and requires local content. This opens a clear path to partner with utilities pushing green power and to invest in domestic battery manufacturing.
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5 sources · 4 Nov 2026
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