Reliance Industries Unveils Removable Energy Storage Battery

Reliance Industries, India’s oil-to-telecoms conglomerate, unveiled a removable energy storage battery on Wednesday. This battery can power Electric Vehicles and appliances via an inverter. The company, led by billionaire Mukesh Ambani, aims to expand in the ‘New Energy’ sector. This includes battery storage, renewable power generation, solar module manufacturing, fuel cells, and electrolyzers.

Reliance’s New Energy Plans

The company officials did not disclose when they would start selling these multi-purpose batteries. However, they plan to collaborate with EV makers. They do not intend to manufacture EVs themselves.

Recent Acquisitions

Reliance New Energy Ltd (RNEL), a subsidiary, recently acquired Faradion Ltd., a Sodium-ion Battery technology company, and Lithium Werks, a provider of cobalt-free, high-performance Lithium Iron Phosphate (LFP) batteries.

Investments in New Energy

Battery storage and technology are key areas for Reliance’s new energy business. They have also invested in an energy storage company, acquired REC Solar Holdings AS, a solar cells and panels and polysilicon manufacturing firm, and partnered for developing hydrogen electrolyzers.

In early 2022, Reliance announced plans to invest $76 billion in green energy projects in India over the next 15 years. This follows a previous commitment to invest over $10 billion in three years in a new business unit for building solar modules, battery storage, electrolyzer, and fuel cell factories.

“We envision Reliance as a leading New Energy and New Materials company in the next 15 years,” Ambani stated at the company’s 2020 annual general meeting.


The content presented on this page has been automatically generated and has not been manually verified or edited by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay Charged with the Latest in Sodium-Ion Technology! 

Please enable JavaScript in your browser to complete this form.
By providing your details in this form, you are giving consent to receive updates, news, and promotional content from SodiumBatteryHub and its associated partners and affiliates.