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Mukesh Ambani’s RIL, Bill Gates to Jointly Invest in US Battery Storage Company

Asia's richest man Mukesh Ambani and Bill Gates join hands to develop energy storage applications. Photo: Ambri Inc.
  • The venture is working on long-duration energy storage applications
  • Company also discussing large-scale battery manufacturing facility in India


(AF) Mukesh Ambani’s Reliance New Energy Solar Ltd (RNESL), Paulson & Co. Inc and Bill Gates are among investors pumping $144 million into Ambri Inc, a Massachusetts, US-based energy storage company, its parent Reliance Industries Ltd announced on Monday.

The objective of the venture is to help Ambri commercialise and grow its long-duration energy storage systems business globally, it added. RNESL and Ambri are also in discussions to set up a large-scale battery manufacturing facility in India to add scale and reduce costs for Reliance’s green energy initiative, RIL said.



Indrajit Basu

Indrajit Basu is an India-based correspondent for Asia Financial and wears two hats: journalist and researcher (equity). Before joining AF he reported on business, finance, technology, wealth management, and current affairs for China Daily, SCMP, UPI, India Today Group, Indian Express Group, and many more. He is also an award-winning researcher. If he didn't have to pay bills, he would be a wanderer.


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