Reliance Industries seeks multiple battery suppliers for energy storage ambitions. India's largest company is in talks with Chinese battery giant CATL and other global suppliers to source components for its battery energy storage systems facility in Jamnagar, Gujarat. The move reflects Reliance's strategy to diversify supply chains as Beijing tightens controls on core battery technology exports. Previous technology transfer discussions with CATL collapsed, leading Reliance to explore alternative partnerships. The Jamnagar complex will be India's largest energy storage facility, supporting the nation's clean energy transition and 500-gigawatt renewable capacity target by 2030. India's energy storage market is projected to expand to 336.7 GWh by 2035, making it increasingly attractive to global battery manufacturers competing for market share.
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