On August 22, 2026, the Indian government, in partnership with the Indian Institute of Technology Bombay (IIT-Bombay), announced a new energy accelerator program aimed at deep-tech startups. The initiative promises guaranteed procurement from public sector undertakings (PSUs) for selected startups, a move designed to foster innovation in the energy sector.
The accelerator, which is part of a broader government push to boost domestic clean energy technologies, will invite applications from startups working on advanced energy solutions such as grid-scale storage, smart grids, and renewable energy integration. According to the official announcement, selected startups will receive mentorship, funding support, and a direct pathway to supply their products to PSUs, reducing market entry barriers.
This program aligns with India's goal of achieving 500 GW of non-fossil fuel energy capacity by 2030. By guaranteeing PSU procurement, the government aims to de-risk early-stage ventures and encourage private investment in critical energy technologies. The initiative is expected to accelerate the commercialization of indigenous deep-tech solutions, reducing reliance on imports.
Interested startups can apply through the official portal, with the selection process focusing on technological readiness, scalability, and alignment with national energy priorities. The first cohort is expected to be announced in the coming months.
