August 7, 2026
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Ola Electric signs MoU with Axis Energy for deployment of up to 20 GWh of battery storage by 2032

  • August 6, 2026
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Ola Electrical has signed an MoU with renewable vitality developer Axis Vitality for the potential deployment of as much as 20 gigawatt-hours of battery vitality storage methods by

Ola Electric signs MoU with Axis Energy for deployment of up to 20 GWh of battery storage by 2032


Ola Electrical has signed an MoU with renewable vitality developer Axis Vitality for the potential deployment of as much as 20 gigawatt-hours of battery vitality storage methods by 2032.

The proposed partnership is the primary large-scale settlement for Ola Mahashakti, the EV maker’s forthcoming vitality storage platform for business, industrial and utility-scale functions.

Mahashakti is scheduled to be launched on 15 August 2026. Ola Electric stated deployments below the proposed partnership might enhance to as a lot as 5 GWh a 12 months from 2028.

Using the phrase “potential” means the MoU outlines the size of the proposed deployment somewhat than confirming a agency order for the total 20 GWh.

Battery vitality storage methods, generally referred to as BESS, retailer electrical energy when it’s obtainable and launch it when required. They may also help electrical energy grids handle fluctuations in wind and photo voltaic era and supply a extra constant energy provide.

Ola Electrical stated Hyderabad-based Axis Vitality had secured grid approvals for renewable energy tasks with a mixed capability of greater than 3,750 MW in Andhra Pradesh and Rajasthan.

The corporate was additionally reported to have an additional mission pipeline of about 3,500 MW.

The tasks embody agency and dispatchable renewable vitality developments, hybrid tasks and different configurations that aren’t solely depending on solar energy.

Battery storage might be used to help renewable vitality integration, enhance grid reliability and assist present electrical energy when renewable era is low.

Ravi Kumar Reddy Kataru, Chairman and Managing Director, Axis Vitality Ventures, stated, “As our renewable vitality portfolio continues to broaden, battery vitality storage is quintessential to enabling dependable, round the clock clear energy. This MoU marks an vital step in the direction of evaluating indigenous battery storage options that can help the following section of our renewable vitality development.”

India is anticipated to require about 73.93 GW and 411.4 GWh of vitality storage capability by the 2031-32 monetary 12 months, in accordance with an estimate by the Central Electrical energy Authority.

The authority stated the capability might be wanted to help the combination of renewable vitality and preserve secure grid operations.

Ola Electrical describes Mahashakti as an India-designed and India-manufactured platform that can be utilized for renewable vitality tasks, industrial energy provides, grid infrastructure and knowledge centres.

Its vertically built-in mannequin extends from battery-cell expertise and manufacturing to system engineering.

Ola Electrical claims the strategy will give prospects higher management over security and efficiency, strengthen supply-chain safety and cut back prices over the working lifetime of a storage system.

The claims haven’t but been demonstrated by means of tasks introduced below the Axis Vitality partnership.

Bhavish Aggarwal, Chairman and Managing Director, Ola Electrical, stated, “India will want vitality storage at an enormous scale and our vertically built-in cell-to-system platform allows us to ship a stronger proposition throughout security, efficiency and complete price of possession. Axis Vitality is our first large-scale associate and an vital early validation of Mahashakti’s potential. We’re witnessing a robust curiosity from potential companions within the trade, and this MoU additional strengthens our momentum in constructing longterm partnerships.”

The settlement marks an additional enlargement by Ola Electrical past electrical automobiles and into the vitality storage market.