{"id":430405,"date":"2021-08-12T11:00:22","date_gmt":"2021-08-12T05:30:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430405"},"modified":"2021-08-12T13:29:13","modified_gmt":"2021-08-12T07:59:13","slug":"reliance-joins-bill-gates-others-to-invest-144-million-in-us-energy-storage-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-joins-bill-gates-others-to-invest-144-million-in-us-energy-storage-company\/","title":{"rendered":"Reliance joins Bill Gates, others to invest $144 million in US energy storage company"},"content":{"rendered":"<p>BENGALURU: Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Tuesday it would invest $144 million in US energy storage company Ambri Inc, along with billionaire Bill Gates, investment management firm Paulson &amp; Co and others. <\/p>\n<p>The investment comes months after Reliance unveiled a $10 billion green energy plan in its drive to become a net carbon zero company by 2035, with plans to build four &#8216;giga factories&#8217; at Jamnagar in the western Indian state of Gujarat to produce solar cells and modules, energy storage batteries, fuel cells and green hydrogen. <\/p>\n<p>Reliance, through its wholly-owned unit Reliance New Energy Solar Ltd (RNESL), will acquire 42.3 million shares of preferred stock in Ambri for $50 million, the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Tuesday it would invest $144 million in US energy storage company Ambri Inc, along with billionaire Bill Gates, investment management firm Paulson &amp; Co and others. The investment comes months after Reliance unveiled a $10 billion green energy plan in its drive to become a net carbon zero company by 2035, with plans to build four &#8216;giga factories&#8217; at Jamnagar in the western Indian state of Gujarat to produce solar cells and modules, energy storage batteries, fuel cells and green hydrogen. Reliance, through its wholly-owned unit Reliance New Energy Solar Ltd [&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-430405","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\/430405","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=430405"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430405\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}