Reliance: On Wednesday, Reliance Industries, a major player in the refining of crude oil in India, demonstrated its swappable and multipurpose battery storage technology for electric vehicles (EVs). Read on to learn more.
Reliance unveils multipurpose swappable batteries
According to Reliance executives, the concept is for one battery to be used for both mobility and home appliance power.
The batteries may be changed at Reliance’s battery swap stations or recharged by homes using rooftop solar panels, which the company also aims to offer, the officials stated.
For about $200 million each in 2021 and 2022, the company acquired the UK-based sodium-ion battery maker Faradion and the lithium iron phosphate (LFP) battery maker Lithium Werks. Reliance showed a battery with an LFP chemistry at the expo.
A firm presentation at the event revealed that it is also creating custom batteries for residential and commercial use, intelligent swap stations, and integrated charging networks. Reliance would collaborate with EV businesses rather than go into the EV manufacturing industry, according to the presentation.
How will it help India?
Clean auto technology is a key component of India’s strategy for lowering pollution in its major cities and accomplishing its bigger climate goals.
The government is making an effort to promote swappable batteries in an effort to reduce costs and promote greater use of EVs.
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