Honda Motor acquires stake in OMC Power to develop clean energy battery systems

Reportedly, Honda Motor Company has acquired an equity stake in India-based OMC Power to jointly develop clean energy storage batteries by repurposing electric vehicle batteries for distributed energy applications. The financial details of the deal are not publicly disclosed. OMC Power, backed by Mitsui & Co. and Chubu Electric Power, operates over 500 renewable energy plants across northern and central India, supplying power to telecom operators, healthcare providers, small businesses, and rural households through mini-grids and battery systems. Under the partnership, OMC will repurpose Honda’s detachable batteries, originally used in electric two- and three-wheelers for stationary energy storage applications. The project is scheduled to commence in January 2026 and aims to extend battery lifecycles while supporting clean energy access for underserved areas.