{"id":430375,"date":"2021-08-12T11:01:41","date_gmt":"2021-08-12T05:31:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430375"},"modified":"2021-08-12T13:29:22","modified_gmt":"2021-08-12T07:59:22","slug":"ril-gates-to-jointly-back-mits-energy-storage-co","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-gates-to-jointly-back-mits-energy-storage-co\/","title":{"rendered":"RIL, Gates to jointly back MIT\u2019s energy storage co"},"content":{"rendered":"<p>Mumbai: The Mukesh Ambani-led Reliance Industries (RIL) has announced that it is joining American business magnate Bill Gates for investing in Ambri, a Massachusetts-based energy storage company. Apart from the two billionaires, other investors such as New York-based hedge fund manager Paulson too have invested in Ambri. <\/p>\n<p>Ambri has received a total funding of $144 million (Rs 1,100 crore), of which RIL contributed 35%, that is, $50 million (Rs 375 crore). India\u2019s most valued company has routed the Ambri investment through its 100% arm Reliance New Energy Solar. Ambri is RIL\u2019s first investment in low-carbon technology after Ambani laid out a road map for a clean-energy play at the company\u2019s annual general meeting in June. The plan includes building a factory in Jamnagar, Gujarat, for the storage of intermittent energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Mukesh Ambani-led Reliance Industries (RIL) has announced that it is joining American business magnate Bill Gates for investing in Ambri, a Massachusetts-based energy storage company. Apart from the two billionaires, other investors such as New York-based hedge fund manager Paulson too have invested in Ambri. Ambri has received a total funding of $144 million (Rs 1,100 crore), of which RIL contributed 35%, that is, $50 million (Rs 375 crore). India\u2019s most valued company has routed the Ambri investment through its 100% arm Reliance New Energy Solar. Ambri is RIL\u2019s first investment in low-carbon technology after Ambani laid out [&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":[130,246,137],"tags":[],"class_list":["post-430375","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430375","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=430375"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430375\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}