New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday signed an initial pact with Tata Power Renewable Energy Ltd to explore collaborative opportunities in the Battery Energy Storage System (BESS) value chain. ONGC has been stringing around deals in clean energy as part of its target to scale renewable energy capacity to 10 gigawatts by 2030 a part of its target to achieve net zero carbon emission by 2038. Besides solar and wind energy projects, ONGC is looking at round-the-clock renewable power capacity to meet this target. “ONGC has signed a non-binding Memorandum of Understanding (MoU) with Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Ltd, to explore collaborative opportunities in the BESS value chain at India Energy Week 2025,” the firm said in a statement.The pact will explore a range of applications across the BESS value chain, including utility-scale energy storage systems, grid stabilisation and ancillary services, renewable energy integration and hybrid solutions, industrial and commercial energy storage applications, microgrid and backup power solutions, and Electric Vehicle (EV) charging infrastructure. “This strategic partnership underscores ONGC’s commitment to enhancing India’s energy security through the integration of renewable energy and advanced storage solutions,” the statement said.Commenting on the development, ONGC chairman and CEO Arun Kumar Singh said that 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,” he said.
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