It has commissioned around 1.5GW of renewable energy projects, with a claimed total development pipeline of nearly 30GW. In April, their joint venture (JV) Evren raised US$600 million for a firm and dispatchable renewable energy (FDRE) hybrid wind-solar-BESS project in Andhra Pradesh and Rajasthan. According to Ola Electric, Axis Energy’s pipeline of energy storage projects includes FDRE, hybrid renewable energy and “other non-solar configurations.” “As our renewable energy portfolio continues to expand, battery energy storage is quintessential to enabling reliable, round-the-clock clean power,” Axis Energy Ventures chairman and managing director Ravi Kumar Reddy Kataru said. “This MoU marks an important step towards evaluating indigenous battery storage solutions that will support the next phase of our renewable energy growth.”