Ola Electric and Axis Energy Partner for 20 GWh Battery Storage by 2032
Ola Electric has signed a MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. This partnership supports India's need for over 400 GWh of storage capacity for renewable energy integration and grid reliability.
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Ola Electric and Axis Energy have signed a memorandum of understanding aimed at deploying up to 20 GWh of battery energy storage systems (BESS) by 2032. This collaboration focuses on ramping annual deployments to 5 GWh starting in 2028, marking a significant growth strategy for Ola's Mahashakti platform, set to launch on August 15.
Axis Energy is advancing a pipeline of renewable projects in Andhra Pradesh and Rajasthan, requiring substantial BESS for improved energy integration and grid stability. Ola's vertically integrated approach in manufacturing BESS aims to enhance safety, performance, and reduce ownership costs. The Central Electricity Authority (CEA) indicates that India's energy transition will demand over 400 GWh of storage by 2032.
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