O2 Power and US-based Powin form JV for energy storage solutions in India

O2 Power, a Gurugram-based renewable energy producer, and Powin, a US-based battery energy storage firm, have signed a memorandum of understanding to provide battery storage solutions for the Indian renewable energy market.

As part of the agreement, Powin will be responsible for the delivery and commissioning of the battery energy storage systems, while O2 Power will provide full engineering, procurement, and constructionservices for the projects.