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New Delhi: The Union Budget aims to accelerate grid-scale energy storage and enable seamless integration of renewable energy, Union Minister Pralhad Joshi said on Sunday. 2bn funding push for carbon capture technologies. In the absence of its new international climate pledge under the Paris Agreement, the budget offers a glimpse into the key. . But for those who understand how energy systems actually scale — through materials, infrastructure, and supply chains — this budget marks a decisive turning point. Budget 2026 is not about selling more electric vehicles or adding another gigawatt to solar headlines. New Delhi, Feb 3 (PTI) Industry India Energy Storage Alliance (IESA), along with leading industry experts, hailed the Union Budget saying proposals like Rs. . Renewable energy developers propose exemptions from the PLI scheme, inclusion in the ALMM, increased funding, and expanded subsidies and tax benefits for domestic solar panel and battery manufacturing to meet the 500GW non-fossil fuel energy target by 2030. Support for Energy Storage & Smart Grid:. . Industry voices are urging North Block to prioritise targeted incentives for sectors such as deep-tech, commercial real-estate, semiconductors, artificial intelligence, renewable energy and more. Ankur Shrivastava, Founder and Managing Partner at Momentum Capital said, “Momentum Capital is. .
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