Ola Electric Propels India’s Energy Storage Revolution with New Residential BESS Launch and Market Growth Projections

Image Source: Business Standard

Ola Electric has launched its first residential Battery Energy Storage System (BESS), signaling its foray into the burgeoning Indian energy storage market. The company forecasts BESS market consumption to scale up to 5 GWh, fueled by rising demand for reliable, clean energy solutions in residential sectors.

Ola Electric, primarily known for pioneering electric mobility in India, has expanded its clean energy portfolio by unveiling its first residential Battery Energy Storage System (BESS) under the brand name “Ola Shakti.” This launch marks a strategic expansion into India’s rapidly growing BESS market, valued at an estimated $30 billion by 2030.

The Ola Shakti residential BESS solution enables homeowners to store electricity efficiently, facilitating better management of power outages, peak demand periods, and renewable energy integration like rooftop solar systems. By storing surplus energy, consumers can reduce their reliance on the grid and optimize energy costs while contributing to sustainability goals.

Ola Electric envisions the Indian BESS market consumption scaling up drastically, reaching approximately 5 GWh in the near term. This expected growth is driven by government policies supporting clean energy, rising electricity tariffs, and consumer preference for resilient power backup alternatives.

The company’s foray into BESS complements its existing electric vehicle ecosystem, positioning Ola as a comprehensive clean energy enabler. Ola Shakti incorporates smart features such as mobile app-based monitoring, remote control, and integration with home energy management systems, enhancing user experience.

Key Ola Electric executives emphasize:

"Ola Shakti symbolises our commitment to delivering sustainable energy solutions for Indian households."
"Anticipating exponential growth in BESS adoption, we aim to power resilient, green homes across the country."
"This launch aligns with India’s energy transition and supports the government’s Net Zero ambitions."

Key Highlights:

Ola Electric launches first residential Battery Energy Storage System under “Ola Shakti.”
BESS market in India projected to scale to 5 GWh consumption soon.
Product supports energy storage, grid independence, and renewable energy integration.
Aims to reduce power outages’ impact and peak tariff charges for consumers.
Smart-app enabled monitoring and control enrich customer interaction.
Compliments Ola’s electric mobility offerings, creating integrated clean-energy ecosystem.
Government clean energy policies and rising consumer awareness drive adoption.
Ola Shakti launch aligns with India’s net-zero emission goals.
Potential to transform urban and rural residential energy use patterns.
Reflects Ola Electric’s diversified approach to sustainability beyond EVs.

Ola Electric’s entry into residential BESS markets underscores increasing convergence of mobility and energy sectors, reinforcing India’s green technology future.

Sources: Economic Times, CNBC TV18, Business Standard, EQ Mag Pro

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Ola Electric Propels India’s Energy Storage Revolution with New Residential BESS Launch and Market Growth Projections

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