India, Aug. 5 -- Ola Electric has entered the utility-scale energy storage segment by signing a Memorandum of Understanding (MoU) with Axis Energy to explore the deployment of up to 20 GWh of Battery Energy Storage Systems (BESS) by 2032.
The agreement marks the first large-scale partnership for Ola Mahashakti, the company's upcoming energy storage platform for commercial, industrial, and utility-scale applications, which is scheduled to be launched on August 15. The partnership highlights the growing demand for utility-scale battery storage and opens a significant new growth opportunity for Ola.
Axis Energy, which has secured grid approvals for over 3,750 MW of renewable energy projects and has an additional pipeline of around 3,500 MW, ...