Reliance Industries Ltd's (RIL) wholly-owned subsidiary Reliance New Energy Solar Ltd (RNESL), along with strategic investors Paulson & Co. Inc. and Bill Gates , and a few other investors, has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, US. ''The investment will help the company commercialise and grow its long-duration energy storage systems business globally. They will enable a crucial energy storage solution capable of supporting the increasing amounts of renewable energy being integrated into electric power grids, the statement added. Ambri can cater to projects that require energy storage systems from 10 MWh to over 2GWh. Shares of Reliance Industries were trading 0.8% higher at ₹2,094 per share on the BSE in Tuesday's early deals.

Source: Mint August 10, 2021 04:15 UTC