Tata Power Company’s subsidiary -- Tata Power Renewable
Energy (TPREL) has signed a non-binding Memorandum of Understanding (MoU) with
Oil and Natural Gas Corporation (ONGC), India’s premier energy company, 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.
This collaboration between TPREL and ONGC underscores their
shared commitment to promoting sustainable energy solutions and driving India’s
energy transition. 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 Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.
Source: Ace Equity
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