Tata Power Company Limited — Updates, 12-02-2025: Press Release

Tata Power Renewable Energy Limited (TPREL) has formed a non-binding Memorandum of Understanding (MoU) with the Oil and Natural Gas Corporation Limited (ONGC) to explore opportunities in the Battery Energy Storage System (BESS) value chain. This collaboration aims to enhance grid reliability and promote renewable energy integration through innovative storage solutions. Key focus areas include utility-scale systems, grid stabilization, backup power, and electric vehicle charging infrastructure. TPREL's recent success in commissioning India's largest Solar PV plant with a 120 MWh BESS in Chhattisgarh illustrates its leadership in large-scale battery systems. The partnership aligns with India's clean energy goals, positioning both companies as significant contributors to the nation's energy transition. Investors should watch closely as this collaboration could enhance Tata Power's competitive standing in the evolving renewable energy landscape.