Ambri and Reliance Industries Expand Strategic Alliance to Accelerate Commercialization of Ambri Batteries in India | Techno Glob


MARLBOROUGH, Mass.–(BUSINESS WIRE)–Ambri, a supplier of long-term energy storage systems, today announced a Memorandum of Understanding to supply a pilot system to Reliance Industries Limited. As India’s largest private sector company and multinational conglomerate, Reliance plans to activate and establish 100 GW of solar generation capacity and has announced the establishment of giga-scale battery manufacturing for round-the-clock support and firm power backed by reliable, clean and reliable sources. and affordable energy.

“Dependency plays a major role in India’s economic and energy future, and its commitment to effectively tackling climate change is remarkable, especially given the country’s importance in solving this global challenge. Ambri is proud to further strengthen this long-standing relationship with one of our strategic investors to support the increased integration of renewable energy resources and energy storage into its facilities,” said Dan Leff, Executive Chairman of Ambri. ‘Ambri.

Reliance has set an ambitious goal of achieving zero carbon by 2035 and committed to investing over US$10 billion to secure the promise of a sustainable future for generations to come with a mix of energy solutions that leverage hydrogen, wind, solar, fuel cells and batteries in their own facilities. Ambri’s unique battery chemistry using commonly available recyclable materials is an attractive solution to Reliance’s stated goals.

“As an investor, we have helped support Ambri’s work to produce and scale a superior and reliable energy storage solution because we believe in the company and its technology. One of our goals in investing in Ambri was that one day we would have the opportunity to leverage Ambri’s technology to help us achieve our goals of providing round-the-clock power at a competitive cost,” said said Mr. Sanjay Mashruwala, Director of Reliance New Energy Limited. , a wholly owned subsidiary of Reliance Industries Limited. “This MoU paves the way for us to initiate discussions on testing and installing Ambri’s demonstration facility in Jamnagar, India, and advancing our joint development work to set up a manufacturing scale of Ambri systems in India.”

The memorandum of understanding announced today is the first step in advancing the strategic partnership between Ambri and Reliance. The system will be delivered by mid-2023 and should go live immediately thereafter. This memorandum of understanding follows the strategic partnership agreement signed between Reliance and Ambri last year, providing for an exclusive collaboration to set up a large-scale battery manufacturing plant in India, which could add scale and further reduce costs of Reliance’s green energy initiative.

About Ambri

Ambri’s Liquid Metal™ battery technology solves the world’s biggest energy problems, fundamentally changing the way power grids work by increasing the contribution of renewable resources and reducing the need to build traditional power plants. Ambri’s long-lasting energy storage solution is designed for daily cycles, even in extreme and harsh environments. With a lifespan of over 20 years with minimal discoloration, Ambri systems are not only extremely reliable but also safe, as Ambri systems do not produce or emit gases and there is no possibility of runaway thermal. For more information, visit: www.ambri.com.

About Reliance Industries

Reliance is the largest private sector company in India, with consolidated revenue of INR 792,756 crore (US$104.6 billion) and net profit of INR 67,845 crore (US$9.0 billion) for the fiscal year ended March 31, 2022. Reliance’s businesses span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. Reliance is the highest-ranked Indian company to appear on Fortune’s Global 500 list of “the world’s largest companies”. It is listed among LinkedIn’s “Best Companies to Work for in India” (2022). For more information, visit: www.ril.com.



Source link