This move aligns with Reliance's substantial $10 billion investment in clean energy projects, signaling a strategic shift away from its traditional oil-to-chemical business, with a target of achieving net-zero carbon emissions by 2035. In 2021, Mukesh Ambani announced a significant investment of Rs 75,000 crore over three years to establish a clean energy business.

In pursuit of advanced battery technology, Reliance acquired two battery companies, Faradion and Lithium Werks, specializing in sodium-ion and lithium iron phosphate (LFP) batteries, respectively. This acquisition not only strengthened Reliance's technology portfolio but also provided access to a substantial portfolio of LFP patents and a highly experienced management team.

Furthermore, Reliance secured incentives to establish a 5-gigawatt-hour battery manufacturing facility as part of India's $2.4 billion program to boost local battery cell production, with plans to complete the factory by 2026. This facility will produce batteries and containerized energy storage solutions, contributing to the company's vision of a fully integrated ecosystem.

At the 46th Annual General Meeting in 2023, Mukesh Ambani announced plans for a giga battery factory by 2026. This facility will produce battery chemicals, cells, packs, and containerized energy storage systems, enhancing Reliance's position in the clean energy market. The initial focus will be on LFP chemistry, known for its safety, stability, and lifecycle cost efficiency. Simultaneously, Reliance aims to commercialize sodium-ion battery technology and scale up its production to gigawatt levels by 2025. The company displayed LFP chemistry-based batteries at the recent exhibition, showcasing its commitment to cutting-edge battery solutions.