NEW DELHI :
Indian renewable energy producer O2 Power Pvt Ltd (O2 Power) and US-based Powin LLC have signed a memorandum of understanding to provide customised and competitive battery storage solutions for the Indian renewable energy market.
A joint statement from the companies said that Powin’s agreement with O2 Power represents its entry into the India market, bringing Powin’s global presence to a total of nine countries.
Since O2 Power’s founding by EQT Infrastructure and Temasek in 2019, the company has won around 1.8 GW of projects across a diverse portfolio. In addition to its growing renewable energy pipeline, O2 Power aims to become a key player in the design and build of stand-alone storage systems and renewable energy integrated storage systems that are efficient, scalable, and cost-effective, the…