Tata Power Renewable and ONGC collaborated to explore battery energy storage

Tata Power’s subsidiary Tata Power Renewable Energy Ltd has signed a non-binding Memorandum of Understanding (MoU) with state-owned Oil and Natural Gas Corporation Ltd (ONGC) to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain.

The collaboration aims to jointly explore and identify commercial opportunities across various segments of the BESS value chain, including utility-scale systems, grid stabilization services, renewable energy integration, microgrids, hybrid energy solutions, industrial and commercial storage solutions, backup power, electric vehicle (EV) charging infrastructure, and energy trading through ancillary services.

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Deepesh Nanda, CEO & Managing Director, TPREL, said, “This partnership with ONGC marks a significant milestone in our journey to drive India’s 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."

Arun Kumar Singh, Chairman and CEO of ONGC said, “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 represents a strategic step towards strengthening energy storage capabilities, which are vital for grid stability and renewable energy adoption."

"By exploring joint opportunities in the battery energy storage sector, both companies aim to contribute significantly to the country’s renewable energy targets and build a robust, future-ready energy ecosystem," Tata Power said.

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