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Reliance Showcases Swappable Multipurpose Batteries For EVs

Last Updated on 13th October 2023

Reliance Industries unveiled its swappable and multipurpose battery storage technology for Electronic Vehicles as a part of its USD 10 billion investment in the clean energy market. Reliance New Energy a subsidiary of Reliance Industries has planned out a strategy to install 20,000 battery-swapping stations across its 18,000 retail outlets.

 

The main objective of reliance industries is to achieve the similar success they gained in the oil and gas refining market in the green energy space. Additionally, reliance will procure their own material and manufacture batteries. The company acquired two lithium battery production companies for about USD 200 million in 2021 and 2022. One of them is Faradion - a UK-based company that also manufactures sodium-ion batteries. The other is Lithium Werks, which specializes in manufacturing lithium iron phosphate batteries. Apart from this Reliance won a product-linked incentive (PLI) last year to set up a 5-gigawatt-hour battery manufacturing facility under the government’s USD 2.4 billion program that aims to boost local battery cell production. The factory will commence its operations by 2026 with energy storage solutions.

 

The batteries can be swapped at Reliance’s battery swap stations or recharged by households using rooftop solar panels. In addition, batteries for electric vehicles (EVs)  can be used to power household appliances through an inverter.

 

About Reliance New Energy

Reliance's new energy initiative focuses on achieving net zero carbon by 2035. The Reliance industries are investing over USD 10 billion in building a comprehensive ecosystem for new energy and new materials in India to secure the promise of a sustainable future. The new energy business will be an optimal mix of reliable, clean, and affordable. energy solutions with hydrogen, wind solar, fuel cells, and batteries. Currently, Reliance New Energy is constructing the Dhirubhai Ambani Green Energy Giga Complex that spreads over 5000 acres in Jamnagar.

 

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