Key Takeaways
- Bharat Petroleum Corporation Limited (BPCL) has partnered with Eco Wave Power to develop wave energy projects in India.
- The collaboration aims to harness India’s untapped ocean energy potential of 40,000 MW to support renewable energy goals.
- A pilot project will be launched at BPCL’s Mumbai Oil Terminals, marking the beginning of larger commercial initiatives.
Partnership for Renewable Energy Innovation
Bharat Petroleum Corporation Limited (BPCL) has initiated a significant collaboration with Eco Wave Power Global AB to advance wave energy-based renewable power projects across India. The Memorandum of Understanding (MoU), signed during India Energy Week 2025, emphasizes the growing importance of integrating wave energy into India’s renewable energy strategy.
This partnership was formalized by Mr. Chandrasekhar N, Head of R&D at BPCL, and Ms. Inna Braverman, Founder and CEO of Eco Wave Power, in the presence of key government officials. The collaboration aligns with the Ministry of New and Renewable Energy’s recognition of the ocean’s energy potential, citing an estimated 40,000 MW of untapped capacity along India’s lengthy coastline.
As a major player in the oil and gas sector—ranking among Fortune 500 companies and with a market cap around $12 billion—BPCL is taking proactive steps toward sustainability. The company aims for Net Zero emissions by 2040, with wave energy regarded as a crucial element of its expanded renewable energy portfolio.
Under the MoU, BPCL and Eco Wave Power will carry out a feasibility study for wave energy projects, starting with a pilot installation of 100–300 kW at BPCL’s oil terminals in Mumbai. BPCL will manage necessary regulatory processes and land use approvals, while Eco Wave Power will contribute its patented technology and optimize operational efficiency. This partnership positions Eco Wave Power to enter one of the fastest-growing renewable markets globally, leveraging BPCL’s extensive infrastructure and financial resources.
Mr. G. Krishnakumar, BPCL’s Chairman and Managing Director, highlighted the potential of wave energy, calling it an underutilized resource essential for India’s sustainable energy development. Ms. Braverman expressed enthusiasm for partnering with BPCL, noting the opportunity to harness wave energy along India’s vast coastline, which hosts over 250 million residents.
Showcasing its technology, Eco Wave Power presented its wave energy generation model at the Net Zero Pavilion during India Energy Week, allowing industry leaders to explore innovative energy solutions.
Overall, this partnership marks a pivotal moment in India’s clean energy transition, with wave energy poised to become a significant part of the country’s renewable landscape.
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