Ambri, a provider of long-duration energy storage systems, announced a memorandum of understanding to deliver a pilot system to Reliance Industries Limited. As the largest private-sector corporation in India and a multinational conglomerate, Reliance is considering enabling and establishing 100 GW of solar generation capacity and has announced setting up of giga scale battery manufacturing to support round the clock and firm power supported by reliable, clean, and affordable energy.
“This memorandum of understanding paves the way for us to engage in discussions for testing and installation of Ambri’s demo installation at Jamnagar, India and further progress our joint development work to set up large scale manufacturing of Ambri systems in India.”
“Reliance plays a major role in India’s economic and energy future, and its commitment to address climate change meaningfully is noteworthy, especially given the country’s importance in solving this global challenge. Ambri is proud to further strengthen this longstanding relationship with one of our strategic investors to support the increased integration of renewable energy resources and energy storage into their facilities,” said Dan Leff, Executive Chair at Ambri.
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Reliance has set an ambitious target of achieving net-zero carbon by 2035 and has committed to invest more than USD $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 at their own facilities. Ambri batteries’ unique chemistry utilizing commonly available, recyclable materials is an attractive solution, for Reliance’s stated objectives.
“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 someday we would have the opportunity to harness Ambri’s technology to help us achieve our goals to deliver cost competitive round-the-clock power,” said Mr. Sanjay Mashruwala, Director, Reliance New Energy Limited, a wholly owned subsidiary of Reliance Industries Limited. “This memorandum of understanding paves the way for us to engage in discussions for testing and installation of Ambri’s demo installation at Jamnagar, India and further progress our joint development work to set up large scale manufacturing of Ambri systems in India.”