Another Masterstroke by Noel Tata: Tata Group Company Partners to Boost Growth

The Indian government’s Oil and Natural Gas Corporation (ONGC) has entered the preliminary accord with Tata Power Renewable Energy Ltd to jointly invest in value chain opportunities for the Battery Energy Storage System (BESS). Noel Tata leads Tata Power Renewable Energy Limited (TPREL), a company that belongs to Tata Group.

The partnership is part of the ONGC strategy to broaden its renewable energy investments which is planned to reach a capacity of 10 gigawatts by 2030. This helps the organization as part of its longer term strategy relating to carbon neutrality by 2038. The initiative particularly works around ONGC's target expansion in solar and wind energy projects, seeking to establish 24/7 renewable power potential to reach sustainability goals.

The agreement seeks to investigate various opportunities in the BESS value chain, including utility-scale energy storage systems, grid stabilization and ancillary services, renewable energy integration and hybrid solutions, energy storage for industrial and commercial applications, microgrid and backup power solutions, infrastructure for electric vehicle (EV) charging.

This effort demonstrates the ongoing commitment of ONGC to foster innovation in clean energy technologies and its quest for sustainable energy alternatives for India's greener future.

ONGC Collaboration With TPREL 

“ONGC has entered into a non-exclusive Memorandum of Understanding (MoU) with Tata Power Renewable Energy Limited, a company of The Tata Power Company Ltd. to pursue joint opportunities in the BESS value chain. The MOU was signed during The India Energy Week 2025,” the firm revealed in a statement. 

“This collaboration consolidates ONGC’s role in developing integrated energy systems for the country as it works towards improving in-country energy storage and security through the deployment of renewable energy,” it stated. 

ONGC chairman and CEO Arun Kumar Singh said, “ONGC has always wished to pursue clean energy initiatives and India is currently moving towards a sustainable energy future.” 

“A great deal of effort goes towards achieving the balance between means of integrating storage into the grid and fostering the socioeconomic conditions deep integration of renewables requires. This collaboration with Tata Power Renewable Energy Limited is a forward step to strengthening energy storage systems' resources and marketing for renewable source eagerness within India’s energy transition and a promising approach towards its long term energy security.” 

TPREL On New Collaboration 

Deepesh Nanda, Chief Executive Officer and Managing Director, TPREL remarked, “This strategic collaboration with ONGC is another great step in powering the TATA group’s efforts in facilitating India’s energy transition.”

“Battery Energy Storage Systems will have great importance in enhancing grid reliability, facilitating deeper integration of renewables, and supporting India’s ambitious clean energy objectives. Together with ONGC, we intend to craft modern storage systems that will lead to a sustainable and protective energy future.”

This collaboration supports India’s 2030 target of 500 GW non-fossil fuel-based capacity which strengthens the resolve of both companies to be sustainable. 

TPREL has once more demonstrated leadership in advanced energy storage technology deployment with the successful commissioning of India’s largest Solar and Battery Energy Storage System. A 100 MW Solar PV plant with 120 MWh Utility-Scale BESS has come on stream at Rajnandgaon, Chhattisgarh.

The collaboration between ONGC and TPREL marks a crucial step in the promotion of technological development, energy efficiency, and sustainability, which are required for bolsting the nation’s energy infrastructure. ONGC is the largest producer of oil and gas in the country, contributing about 71 percent of domestic crude oil and natural gas production.

TPREL has a portfolio that spans solar, wind, and hybrid energy projects.