Summary:
- Advertisement -Mumbai: Reliance New Energy Solar Ltd (RNESL) a wholly owned subsidiary of Reliance Industries Ltd (RIL) along with strategic investors Paulson & Co.
Inc.
and Bill Gates and a few other investors has announced an investment of USD 144 million in Ambri Inc an energy storage company based in Massachusetts USA. 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. Ambri can cater to projects that require energy storage systems from 10 MWh to over 2 GWh. Ambri systems are particularly suited for high-usage applications such as shifting energy from daytime solar generation to evening and morning peak load times..