Reliance Industries partners with Ambri to achieve net-zero carbon target by 2035

Reliance Industries partners with Ambri to achieve net-zero carbon target by 2035

Ambri, a US-based energy storage solutions manufacturer, has signed a memorandum of understanding (MoU) with multinational conglomerate Reliance Industries to help the latter achieve its net-zero carbon targets. Under the MoU, Reliance Industries will receive Ambri pilot system as part of its broader energy storage system manufacturing plans and implementation in India. Reliance Industries is […]

Reliance New Energy Solar to invest $50m in energy storage company Ambri

Reliance New Energy Solar to invest $50m in energy storage company Ambri

Reliance New Energy Solar (RNESL), a newly incorporated subsidiary of Reliance Industries, will invest $50 million in American energy storage company Ambri Inc for acquiring 42.3 million shares. The Reliance Industry subsidiary is taking part in a $144 million investment in the energy storage firm alongside Paulson & Co. Inc. and Bill Gates among few […]