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 […]
Sharda Motor Industries Limited (SMIL) has agreed to form a joint venture (JV) with Kinetic Green Energy & Power Solutions for developing battery packs with battery management systems (BMS) for electric vehicles (EVs) and also stationary applications. Based in New Delhi, Sharda Motor Industries is an automotive component manufacturing company, while Kinetic Green Energy & […]
Stem, Inc., a US-based artificial intelligence (AI)-driven energy storage company, has agreed to merge with Star Peak Energy Transition, a publicly-traded special purpose acquisition company (SPAC), in a $1.35 billion deal. The merger will enable the energy storage company to become a public company. Following the completion of the deal, the combined firm will operate […]