MUMBAI : Reliance Industries Ltd’s clean energy unit will invest $50 million in American renewable energy storage company Ambri Inc. amid attempts to develop cheap alternatives to lithium-ion battery cells. Ambri, founded in 2010, has developed a liquid metal grid battery technology and is looking to commercialize it by 2022. Ambri has the technology to build energy storage systems that last 4-24 hours and can cater to projects that require energy storage systems from 10MWh to over 2GWh. Reliance New Energy said that Ambri systems are particularly suited to high-usage applications such as shifting energy from daytime solar generation to evening and morning peak load times. “Ambri’s long-duration energy storage systems will enable a crucial energy storage solution capable of supporting the increasing amounts of renewable energy being integrated into electric power grids," Reliance New Energy said.

Source: Mint August 10, 2021 19:28 UTC