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

11 Aug 2021 CW Team

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

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..