Reliance is investing Rs 5.95 lakh crore in Green Energy and other projects in Gujarat over a span of 10 to 15 years. The investment will help in setting up a 100 GW Renewable Energy Power Plant and develop a Green Hydrogen ecosystem. RIL will also develop an ecosystem for assisting Small and Medium Enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of Renewable Energy and Green Hydrogen.
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RNEL continues to build the New Energy ecosystem by acquiring assets of LFP batteries provider Lithium Werks for USD 61 million. Lithium Werks is a leading provider of cobalt free and high-performance Lithium Iron Phosphate (“LFP”) batteries.
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RIL, through its subsidiary company Reliance New Energy Ltd (RNEL), announces acquisitions and partnerships to develop the New Energy ecosystem.
• USD 144 million investment in energy storage company Ambri Inc along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few others, as part of Reliance’s long-duration energy storage systems business globally
• USD 771 million acquisition of REC Solar Holdings AS (REC Group), one of the world’s leading solar cells/panels and polysilicon manufacturing companies
• 40% stake acquisition in Sterling & Wilson Solar, one of the largest EPC and O&M providers globally, to provide turnkey solutions in the New Energy value chain
• USD 29 million (EUR 25 million) investment in Germany’s NexWafe and a partnership for the joint technology development and commercialization of high-efficiency monocrystalline “green solar wafers”
• Collaboration with Denmark’s Stiesdal A/S on development and manufacturing of their HydroGen Electrolyzers in India, which will produce hydrogen at a significantly lower cost compared to current levels, thus paving the way for rapid decarbonization and commercialization of affordable Green Hydrogen
• GBP 100 million acquisition of leading global sodium-ion battery technology company Faradion Ltd, and an additional GBP 25 million investment as growth capital to accelerate commercial roll out.
RIL acquires majority equity stake of 54.46% in skyTran Inc., a futuristic rapid transit system. With this investment, Reliance aspires to bring to India high-speed efficient and economical intra and inter-city connectivity through a ‘Transportation-as-a-Service’ platform.
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Reliance Retail is ranked second-fastest growing retailer in the world in Deloitte’s 2021 Global 250 list of World’s Largest Retailers. Reliance Retail expands its footprint by:
• Launching 7-Eleven® convenience stores in India
• Partnering with India’s leading designers Ritu Kumar, Manish Malhotra and Anamika Khanna
• Launching JioMart Digital, the new merchant business for Consumer Electronics
• Foraying into ultra-premium grocery segment in India with launch of Freshpik.
Jio and Google reveal the ultra-affordable JIOPHONE NEXT smartphone to empower millions of Indians with digital life, offered in their preferred language.
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