India approves Viability Gap Funding to support 92GWh of BESS and pumped hydro energy storage capacity

India's Union government approved the next phase of the Viability Gap Funding (VGP) policy support mechanism to support energy storage capacity additions. This includes support for 92 GWh of BESS and pumped hydro storage. Additionally, a Ministry of Power official reportedly stated that state power companies will likely soon be required to include energy storage in new renewable energy developments.

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