OMC Power, an Indian renewable energy company sponsored by Mitsui & Co. and Chubu Electric Power of Japan, announced that Honda Motor Co. Ltd. has taken a minority stake in OMC Power for the purpose of developing distributed clean energy storage batteries. This purchase represents Honda’s first investment in the Indian distributed clean energy sector.
OMC Power did not disclose the size of Honda’s investment or provide any financial details. With Chubu’s investment being slightly over 30% and Mitsui owning more than 26%, the three Japanese companies own about 70% of OMC Power together.
Rohit Chandra, CEO, OMC Power said, “Chubu holds slightly over 30 percent in the company, while Mitsui owns more than 26 percent. Together with Honda, the three Japanese companies hold about 70 percent of the firm.” He added, “It is a win-win situation for both of us. Our partner is a leader in automobiles. It is coming up in EVs in a big way. Honda Motor will share its technical know-how, and we will provide them with the opportunities in our 1 GW journey.”
OMC Power’s plan to construct 1 gigawatt (GW) of distributed clean energy in the upcoming three years over types of rooftop solar, green energy for telecom clients, rural smart grids, and solar EPC projects for micro, small, and medium enterprises (MSME) and industrial clients across Uttar Pradesh, Uttarakhand, Madhya Pradesh, Bihar, Jharkhand, Assam, and the other northeastern states will be enabled by the investment.
OMC Power is also working to raise ₹25–30 billion ($284–341 million) in debt to arrange discussions with the State Bank of India and other international lenders through the next three years. The financing from Honda and future debt financing will continue to build out OMC Power’s renewable energy pipelines and energy storage infrastructure.
As part of this project, OMC Power will be able to repurpose Honda’s detachable and portable batteries, used in electric two- and three-wheeler vehicles, for storage-based clean energy innovations. OMC Power will roll out a leasing business using a UPS device powered by the new Honda Mobile Power Pack e starting in January 2026 that is environmentally beneficial for households, small businesses, schools, and more. The system will be charged when grid power is available and can provide electricity when the grid is not available.
Two officials from Honda will be placed into OMC Power’s management in the next month to help facilitate the technical expertise. There has been collaboration between OMC Power and Honda since 2023.
Minoru Kato, Chief Officer for Motorcycle and Power Products Operations, Head of Motorcycle Business Unit, and Executive Officer of Honda Motor Co. Ltd., said, “Honda believes that electrified mobility products can contribute not only as a means of transportation but also to the advancement of energy systems for our customers and their local communities. In India, where the shift toward electric motorcycles is progressing, Honda will strive to establish a resource-circulating value chain by facilitating the repurposing of end-of-life electric motorcycle batteries. Through this initiative, with a comprehensive approach from the perspective of both our products and business activities, Honda will contribute to addressing societal issues and making people’s daily lives more enjoyable.”
OMC Power currently operates more than 500 renewable energy plants across northern and central India, supplying electricity to telecom companies, healthcare providers, MSMEs, and rural households via mini-grids and battery storage.
The company’s 1 GWp renewable energy portfolio is planned as follows:
- 600 MWp from rooftop solar for healthcare clients (current capacity: 75 MWp)
- 200 MWp from green energy for telecom clients (current: 15 MWp)
- 100 MWp in rural smart grids (current: 10 MWp)
- 100 MWp in solar EPC projects for MSMEs and industrial clients (starting with 5 MWp)
This partnership leverages Honda’s expertise in EV batteries and OMC Power’s distributed energy capabilities to strengthen India’s clean energy infrastructure and support sustainable, reliable power access across multiple sectors.
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