Union Budget 2024 promotes pumped storage for renewable energy

thehindu.com August 1, 2024, 05:00 AM UTC

Summary: India's Union Budget 2024-25 announced plans for a policy to promote pumped storage projects, essential for integrating renewable energy. India aims for 500 GW of non-fossil power by 2030, having added 23 GW from 2021-2023. Currently, India has 3.3 GW of pumped storage, while China leads with 44 GW. The Kadamparai plant in Tamil Nadu exemplifies effective energy storage and management.

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Timeline:

  1. [3.0]
    China's energy storage capacity increases 40% to 44.44 GW (en.people.cn)
    39d 3h
    Source
  2. [3.1]
    China launches world's first 300 MW compressed air storage (en.people.cn)
    41d 1h
    Source