Pace Digitek Subsidiary Signs MoU with Bondada Renewables

The strategic partnership aims to accelerate the deployment of domestic Battery Energy Storage Systems (BESS) across India’s growing renewable energy sector.

NEW DELHI — Pace Digitek Limited, a Bengaluru-based infrastructure and energy solutions provider, announced on July 13, 2026, that its material subsidiary, Lineage Power Private Limited (LPPL), has entered into a strategic Memorandum of Understanding (MoU) with Bondada Renewable Energy Private Limited. The partnership focuses on the supply and integration of advanced Battery Energy Storage Systems (BESS) for domestic projects.

The agreement was signed during the 12th India Energy Storage Week (IESW) 2026 in New Delhi. This collaboration marks a significant step for both entities as they seek to capitalize on the increasing demand for grid-stabilization technologies and high-capacity energy storage solutions across India.

Expanding the BESS Ecosystem

Under the terms of the MoU, Lineage Power will serve as a preferred supply partner for Bondada Renewable, providing a comprehensive range of BESS solutions. The scope of the agreement includes the supply of DC Blocks, Commercial & Industrial (C&I) BESS cabinets, residential storage units, Power Conversion Systems (PCS), Energy Management Systems (EMS), and specialized battery containers.

Beyond hardware supply, the partnership is designed to offer lifecycle support, including engineering services and warranty management. While the financial value of the MoU was not disclosed in the regulatory filing, the companies confirmed that specific project requirements and supply timelines will be finalized through separate definitive agreements and binding purchase orders.

Strategic Alignment for India’s Energy Transition

Pace Digitek has been aggressively scaling its energy storage business, recently expanding its manufacturing capacity in Karnataka to meet the rising demand driven by India’s commitment to net-zero emissions. For Bondada Renewables, which holds a significant portfolio of solar EPC projects and large-scale renewable installations across the country, the partnership provides a reliable, domestically manufactured supply chain for critical storage components.

"These strategic collaborations reinforce our commitment to expanding our product supply network and strengthening partnerships across the energy storage ecosystem," according to officials representing Pace Digitek.

Why It Matters

The integration of BESS into India’s power grid is essential for managing the intermittency of renewable energy sources like solar and wind. For investors and energy stakeholders, this MoU signals a maturation of the domestic supply chain, reducing reliance on imported storage technologies. By partnering with Bondada Renewables, Pace Digitek secures a foothold in large-scale utility and C&I projects, which are expected to be the primary drivers of growth for the energy storage sector over the next five years.

Key Facts at a Glance

• Partnership Scope: Lineage Power (a Pace Digitek subsidiary) will supply BESS solutions, including DC Blocks, PCS, EMS, and battery containers to Bondada Renewables.

• Industry Event: The MoU was formalized during the 12th India Energy Storage Week (IESW) 2026 at IICC, Yashobhoomi, New Delhi.

• Strategic Goal: The agreement supports the localization of energy storage technology in line with India’s renewable energy targets.

• Company Roles: Pace Digitek leverages its integrated manufacturing capabilities, while Bondada Renewables contributes its extensive experience in solar EPC and renewable energy project execution.

FAQ

What does this MoU entail for Pace Digitek?

The MoU establishes Lineage Power as a preferred BESS supplier for Bondada Renewables, allowing the company to supply critical storage hardware for future domestic energy projects.

Does this involve a related-party transaction?

No, both Pace Digitek and Bondada Renewables confirmed that the agreement is an arm’s length partnership with no promoter or promoter group relationship between the parties.

What specific BESS products are covered?

The agreement covers a wide portfolio including DC Blocks, C&I cabinets, residential BESS units, Power Conversion Systems (PCS), and Energy Management Systems (EMS).

Source: Pace Digitek Limited - NSE Filing, Bondada Group Business Overview