Reliance, Bill Gates, other investors to invest $144 mn in Ambri Inc
POWER & RENEWABLE ENERGY

Reliance, Bill Gates, other investors to invest $144 mn in Ambri Inc

On Tuesday, Reliance Industries Limited (RIL) told the media that the company, along with Bill Gates, Paulson & Co, an investment management firm and a few other investors, would invest $144 million in Ambri Inc, a US-based energy storage firm.

The investment will commercialise and grow the company's long-duration battery storage systems. The company is to invest after Reliance unveiled an investment of $10 billion in a green power plant for net carbon zero by 2035, along with developing four Giga factories in Jamnagar, Gujarat, as a project of the Dhirubhai Ambani Green Energy Giga Complex. The facility will produce solar cells, solar modules, energy storage batteries, fuel cells and green hydrogen.

The company said that the wholly-owned company of Reliance, Reliance New Energy Solar Ltd (RNESL), would acquire 42.3 million preferred shares of Ambri Inc worth $50 million.

It also said that RNESL and Ambri are planning an exclusive collaboration to set up a large-scale battery manufacturing facility in India.

The energy storage systems of Ambri, which will last for 4-24 hours, will break through the cost, longevity, and safety barriers of the lithium-ion batteries used in grid-scale stationary storage applications, Mukesh Ambani said. The company will enable an energy storage solution to increase the amount of renewable energy being integrated into electric power grids.

Ambri said that it would use the investments to build and design high-volume manufacturing facilities in the US and overseas to supply its long-duration battery systems to meet the demand of the grid-scale energy storage system market and large industrial energy customers.

The entry of Reliance in India's renewable energy will bring competition to other renewable companies, including AdaniGreen Energy Limited and ReNew Power.

Image Source

On Tuesday, Reliance Industries Limited (RIL) told the media that the company, along with Bill Gates, Paulson & Co, an investment management firm and a few other investors, would invest $144 million in Ambri Inc, a US-based energy storage firm. The investment will commercialise and grow the company's long-duration battery storage systems. The company is to invest after Reliance unveiled an investment of $10 billion in a green power plant for net carbon zero by 2035, along with developing four Giga factories in Jamnagar, Gujarat, as a project of the Dhirubhai Ambani Green Energy Giga Complex. The facility will produce solar cells, solar modules, energy storage batteries, fuel cells and green hydrogen. The company said that the wholly-owned company of Reliance, Reliance New Energy Solar Ltd (RNESL), would acquire 42.3 million preferred shares of Ambri Inc worth $50 million. It also said that RNESL and Ambri are planning an exclusive collaboration to set up a large-scale battery manufacturing facility in India. The energy storage systems of Ambri, which will last for 4-24 hours, will break through the cost, longevity, and safety barriers of the lithium-ion batteries used in grid-scale stationary storage applications, Mukesh Ambani said. The company will enable an energy storage solution to increase the amount of renewable energy being integrated into electric power grids. Ambri said that it would use the investments to build and design high-volume manufacturing facilities in the US and overseas to supply its long-duration battery systems to meet the demand of the grid-scale energy storage system market and large industrial energy customers. The entry of Reliance in India's renewable energy will bring competition to other renewable companies, including AdaniGreen Energy Limited and ReNew Power. Image Source

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?