【SMM PV News】India Budget 2026-27 Allocates INR 30,539 Crore for Solar; Boosts Battery Manufacturing and CCUS

On January 27, Chengshu Electric Power Group announced via its official account that the 10MW/20MWh energy storage project for Yibin Gaoxian Sililya Fiber Technology Co., Ltd. had been successfully completed and connected to the grid. The project commenced construction in October 2025, adopting a mature, safe, and reliable prefabricated cabin-style outdoor layout, with LFP batteries serving as the core equipment. The entire energy storage system consists of two independent 5MW/10MWh energy storage units, each integrating two ESS battery cabins and one boost converter unit. The compact design saves space and enhances system efficiency. This large-scale "green power bank" is designed to achieve a first-year discharge capacity of 5.2417 million kWh, with an average annual discharge capacity of approximately 4.8196 million kWh over its 20-year life cycle.

Recently, Yongtai Digital Energy's official account announced the successful commissioning of a 30 MWh industrial and commercial ESS project in Weifang, Shandong, marking a new phase of large-scale application for battery cell-level early warning and diagnostic technology. With its "full-stack safety" capabilities, the company is driving energy storage systems toward intelligent and refined operation and maintenance, setting a new benchmark for safe development in the industry. Located in a large chemical industrial park characterized by continuous production and high electricity load, the project demands extremely stringent requirements for power economy, reliability, and stability. In response to the specific conditions of the chemical park, Yongtai Digital Energy tailored an industrial and commercial ESS solution. Through strategies such as peak shaving, valley filling, and demand management, the solution significantly reduces electricity costs. Additionally, it serves as a backup power supply, effectively preventing power quality issues such as voltage sags, ensuring continuous and stable production, and generating additional revenue through demand-side response.

The SMM battery-grade lithium carbonate index stood at 154,434 yuan/mt. Battery-grade lithium carbonate was priced at 145,000-166,000 yuan/mt, with an average of 155,500 yuan/mt. Industrial-grade lithium carbonate was priced at 142,000-162,000 yuan/mt, with an average of 152,000 yuan/mt. The most-traded lithium carbonate futures contract showed a volatile decline. The price fluctuated within the range of 132,400-152,800 yuan/mt. In terms of market transactions, upstream lithium chemical plants showed low willingness to sell spot orders, resulting in sluggish activity; downstream material manufacturers, however, actively inquired at relatively low prices, demonstrating strong purchase willingness, which contributed to relatively active overall market transactions.