+
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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code