CALCULATE YOUR SIP RETURNS

Tata Power Renewable Energy and ONGC Collaborate on Battery Energy Storage Solutions

Written by: Team Angel OneUpdated on: Feb 13, 2025, 4:08 PM IST
Tata Power Renewable Energy Limited (TPREL) and ONGC have signed an MoU to explore battery energy storage solutions, strengthening India's clean energy goals.
Tata Power Renewable Energy and ONGC Collaborate on Battery Energy Storage Solutions
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has entered into a strategic collaboration with Oil and Natural Gas Corporation Limited (ONGC) to explore opportunities in the Battery Energy Storage System (BESS) sector. The non-binding Memorandum of Understanding (MoU) was signed at India Energy Week 2025, signifying a major step towards integrating advanced energy storage solutions into India’s renewable energy landscape.

Exploring Multiple Avenues in Energy Storage 

The partnership between TPREL and ONGC aims to identify and develop commercial opportunities across various segments of the BESS value chain. These include utility-scale storage solutions, grid stabilisation services, microgrid development, hybrid energy solutions, industrial and commercial storage applications, backup power, electric vehicle (EV) charging infrastructure, and energy trading through ancillary services. This collaboration underscores the growing importance of energy storage in ensuring grid reliability and renewable energy integration.

Industry Leaders’ Perspective 

Commenting on the collaboration, Deepesh Nanda, CEO & Managing Director of TPREL, highlighted the significance of battery energy storage in accelerating India’s clean energy transition. “Battery Energy Storage Systems will play a crucial role in strengthening grid reliability, enabling greater renewable energy integration, and supporting India’s ambitious clean energy goals. Together, we aim to develop innovative storage solutions that will pave the way for a sustainable and resilient energy future.”

Echoing similar sentiments, Arun Kumar Singh, Chairman and CEO of ONGC, emphasised the company’s commitment to advancing clean energy initiatives. “As India transitions towards a sustainable energy future, ONGC remains steadfast in its commitment to advancing clean energy initiatives. This collaboration with Tata Power Renewable Energy Limited represents a strategic step towards strengthening energy storage capabilities, which are vital for grid stability and renewable energy adoption. By leveraging our collective expertise, we aim to contribute meaningfully to India’s energy transition and long-term energy security.”

Driving Innovation in Renewable Energy 

This partnership builds on TPREL’s expertise in large-scale battery energy storage projects. Notably, the company successfully commissioned India’s largest Solar and Battery Energy Storage System (BESS) project—a 100 MW Solar PV plant with a 120 MWh utility-scale BESS in Rajnandgaon, Chhattisgarh. Such projects set a benchmark for future BESS initiatives and contribute to strengthening India’s green energy infrastructure.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 13, 2025, 4:08 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers