{"id":430188,"date":"2021-08-11T11:06:43","date_gmt":"2021-08-11T05:36:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430188"},"modified":"2021-08-11T12:57:50","modified_gmt":"2021-08-11T07:27:50","slug":"ril-picks-stake-in-us-energy-storage-company-plans-india-battery-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-picks-stake-in-us-energy-storage-company-plans-india-battery-unit\/","title":{"rendered":"RIL picks stake in US energy storage company, plans India battery unit"},"content":{"rendered":"<p>Reliance New Energy Solar Ltd (RNESL) \u2014 a wholly owned subsidiary of Reliance Industries Ltd (RIL) \u2014 along with strategic investors Paulson &amp; Co Inc and Bill Gates, and a few others, has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA.<\/p>\n<p>RNESL and Ambri are also in discussions for an exclusive collaboration to set up a large-scale battery manufacturing facility in India, which could add scale and further bring down costs for Reliance\u2019s green energy initiative.<\/p>\n<p>The investment will help Ambri commercialise and grow its long-duration energy storage systems business globally. RNESL will invest $50 million to acquire 42.3 million shares of preferred stock in the American company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance New Energy Solar Ltd (RNESL) \u2014 a wholly owned subsidiary of Reliance Industries Ltd (RIL) \u2014 along with strategic investors Paulson &amp; Co Inc and Bill Gates, and a few others, has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA. RNESL and Ambri are also in discussions for an exclusive collaboration to set up a large-scale battery manufacturing facility in India, which could add scale and further bring down costs for Reliance\u2019s green energy initiative. The investment will help Ambri commercialise and grow its long-duration energy storage systems business globally. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-430188","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=430188"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430188\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}