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2 clusters · 4 sources · 11 days · First seen 12 days ago · Last updated 1 day ago

Ola Electric energy storage expansion

Overview

Ola Electric has initiated a strategic expansion into the battery energy storage systems (BESS) market. The company first announced a memorandum of understanding with Axis Energy to explore deploying up to 20 GWh of storage by 2032, primarily through its forthcoming Mahashakti platform intended to support renewable integration and grid reliability in India.

Following the planned launch of the Mahashakti platform, Ola Electric expanded its Shakti portfolio to include residential, commercial, industrial, and utility-scale applications. Utilizing indigenous lithium iron phosphate (LFP) technology, the company introduced Shakti Gen2 for residential use, alongside Shakti AC and DC Rack systems for telecom and critical infrastructure. The expansion aims to leverage the company’s Gigafactory and nationwide network to provide energy storage solutions ranging from individual homes to the power grid.

Entities

Ola Electric · Bhavish Aggarwal · Mahashakti · Hanwha Energy Europe · OX2

Timeline

1 day ago

[BUSINESS] 4 sources
Ola Electric expands energy storage portfolio with Shakti range
Ola Electric is expanding into the commercial, industrial, and utility-scale energy storage markets with its new Shakti portfolio, utilizing indigenous LFP battery technology.
12 days ago

[BUSINESS] 2 sources
Ola Electric and OX2 Boost Battery Storage Projects in India and Italy
Ola Electric and Axis Energy plan up to 20 GWh of BESS in India, while OX2 acquires 200 MW/800 MWh of storage projects in Italy, both aiming to bolster renewable integration.

Sources

ciol.com · kanvas.com.my · newsable.asianetnews.com · newsbytesapp.com