Reliance Industries, Bill Gates to invest in battery storage company

Posted by Hostinger Admin
Date December 8, 2021
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Courtesy : livemint

Reliance Industries, Bill Gates to invest in battery storage company

Reliance Industries (RIL) to invest in Ambri Inc

1 min read . 10 Aug 2021Livemint

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. RNESL will invest USD 50 million to acquire 42.3 million shares of preferred stock in Ambri,” RIL said in an exchange filing.

Hostinger Admin

Reliance Industries, Bill Gates to invest in battery storage company

Reliance Industries, Bill Gates to invest in battery storage company

Courtesy : livemint

Reliance Industries, Bill Gates to invest in battery storage company

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