National Thermal Power Corporation Limited or NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then, it has established itself as the dominant power major with a presence in the entire value chain of the power generation business. NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India. NTPC is ranked No. 2 Independent Power Producer (IPP) in Platts Top 250 Global Energy Company Rankings. Recently NTPC has signed an MoU (Memorandum of Understanding) with a Swiss-based company called Energy Vault. So, what are the prospects of this MoU, and how is this beneficial for NTPC. Let’s understand this agreement in detail in this article as we move ahead.
MoU with Energy Vault:
Advantages of Gravity Based Energy Storage System:
Disadvantages of Gravity Based Energy Storage System:
What Should Shareholders Do?
After signing this MoU NTPC will get the first-mover advantage and will be able to contribute to achieving the decarbonization in a very efficient manner. Hence, this agreement could work successfully for the company in the future period, and hence one should keep track of developments of these deals in the coming period as well.
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Originally Published On:https://blog.investyadnya.in/ntpc-inks-mou-with-energy-vault-for-gravity-based-energy-storage-how-will-this-deal-benefit-ntpc%ef%bf%bc/