Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power, has signed a non-binding memorandum of understanding with Oil and Natural Gas Corporation Limited (ONGC) to explore joint opportunities in the battery energy storage system (BESS) sector.
The TPREL and ONGC collaboration aims to identify commercial opportunities across various segments of the BESS value chain, including utility-scale systems, grid stabilisation services, renewable energy integration, microgrids, hybrid energy solutions, industrial and commercial storage solutions, backup power, electric vehicle charging infrastructure, and energy trading through ancillary services.