ONGC-TPREL Partnership Paves Way for India's Renewable Energy Future

ONGC and Tata Power Renewable Energy have entered a pact to explore opportunities in the Battery Energy Storage System value chain, marking a strategic initiative towards India's renewable goals. With a focus on energy storage technology, the collaboration aims to bolster grid stability and drive the transformation towards clean energy.

State-owned Oil and Natural Gas Corporation (ONGC) has teamed up with Tata Power Renewable Energy Ltd. to explore opportunities in the Battery Energy Storage System (BESS) value chain. The partnership aligns with ONGC's plans to scale its renewable energy capacity to 10 gigawatts by 2030.

Expectations from the collaboration include advancements in utility-scale energy storage, grid stabilization, renewable energy integration, and Electric Vehicle (EV) charging infrastructure. This initiative underscores ONGC's commitment to sustainable energy transitions in India.

ONGC's chairman emphasizes that such collaborations are vital for grid stability and the adoption of renewable energy. The partnership also highlights India's ambition of achieving 500 GW of non-fossil fuel capacity by 2030, marking a significant stride in the nation's clean energy initiatives.

(With inputs from agencies.)