Incentives

1. VGF up to 40% of capital cost for battery storage projects commissioned within 24 months
2. Carbon credit issuance for storage systems utilising renewable energy
3. Connectivity to ISTS network on priority basis
4. ED and CSS waiver on input power
5. Exemption from stamp duty and registration fees on acquired land; government land may be leased at concessional rate

Other proposals

1. PLI and ALMM schemes for battery storage systems
2. Long-term financing from PFC, REC and IREDA