The Ministry of Science and Technology and industry will match the commitment of US' Department of Energy, bringing the total commitment to USD 30 million, officials here said.
"This new consortium demonstrates the US and Indian commitments to ensuring access to affordable and reliable energy in both countries," Energy Secretary Rick Perry said ahead of Prime Minister Narendra Modi's visit here next week.
"We know that continued grid innovation will promote economic growth and energy security in the United States and India," he said yesterday.
The US-India collaboration for smart distribution system with storage (UI-ASSIST) was selected as the new consortia for Smart Grid and Energy Storage under the US-India Joint Clean Energy Research and Development Center (JCERDC), the DOE said in a statement.
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To help pave the way to a more advanced distribution grid that will allow greater use of distributed energy resources such as microgrids and energy storage, the new consortia will bring together experts from academia, DOE's national laboratories and industry, it said.
Through JCERDC, the US' world class installations and national laboratories will contribute their expertise and capabilities as India expands energy access to its remote areas, improves its grid reliability and resilience, and strengthens its energy security.
The US participants will gain insight from India's grid modernisation efforts - a potential export market for US equipment worth billions of dollars - and promote researcher access to India's grid operational experience, it said.
The Indian team, led by the Indian Institute of Technology (IIT) Kanpur, includes partners from IIT Delhi, IIT Madras, IIT Roorkee, IIT Bhubaneshwar and The Energy and Resources Institute (TERI) New Delhi.