Bharat Petroleum Corporation Limited (BPCL) has signed a memorandum of understanding with Eco Wave Power to explore the potential of renewable energy in India.
The government-owned oil and gas giant has identified the renewable firm as a strategic partner following an extensive evaluation of wave energy technologies.
The two companies aim to jointly develop wave energy projects across India, starting with a feasibility study.
The first phase will include the deployment of a 100kW pilot project at BPCL’s Mumbai Oil Terminals, with plans for larger commercial-scale installations across the country.
The initiative is part of BPCL’s commitment to achieving net zero emissions by 2040.
The collaboration aligns with India’s Ministry of New and Renewable Energy’s (MNRE) recognition of ocean energy as a promosing renewable resource, with an estimated 40,000MW of untapped potential along the country’s coastline.
Inna Braverman, Founder and CEO of Eco Wave Power said: “Partnering with BPCL, one of India’s largest energy companies, is a transformative moment for Eco Wave Power.
“With over 250 million people living along India’s 7,516 km coastline, the potential for wave energy is enormous. This MoU represents a major step toward positioning wave energy as a mainstream power source in India’s clean energy transition.”
