Tata Power Renewable Energy and ONGC Sign MoU to Explore Joint Opportunities in Battery Energy Storage Systems

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power and a leader in India’s renewable energy sector, has signed a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC), India’s top energy company, to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain. The MoU was signed during India Energy Week 2025, with Shri Hardeep Singh Puri, Hon’ble Union Minister of Petroleum and Natural Gas (MoPNG), Mr. Arun Kumar Singh, Chairman and CEO of ONGC, Mr. Deepesh Nanda, CEO & Managing Director of TPREL, and other dignitaries in attendance.

The partnership will focus on identifying commercial opportunities across various aspects of the BESS value chain, including utility-scale systems, grid stabilization services, renewable energy integration, microgrids, hybrid energy solutions, industrial and commercial storage, backup power, electric vehicle (EV) charging infrastructure, and energy trading through ancillary services.

Mr. 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. Together, we aim to develop innovative storage solutions that will pave the way for a sustainable and resilient energy future”.

Mr. Arun Kumar Singh, Chairman and CEO, 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 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.”