Reliance Industries is in advanced discussions with China’s Contemporary Amperex Technology Co. Ltd. (CATL) and other global suppliers to buy or secure components for its large-scale battery energy storage systems (BESS), marking a significant step in the company’s clean energy expansion strategy.
The talks come at a time when China is tightening export controls on critical battery technologies, increasing pressure on companies worldwide to secure reliable supply chains. For Reliance, the negotiations are particularly important as the company develops its massive renewable energy and storage complex in Jamnagar, Gujarat, envisioned as one of India’s largest energy storage hubs.
The Jamnagar project forms a key part of Chairman Mukesh Ambani’s broader plan to position Reliance at the forefront of India’s energy transition. Partnering with multiple international suppliers, including CATL, would help diversify component sourcing and reduce dependence on any single technology partner.
The latest move also reflects a strategic shift in Reliance’s battery manufacturing plans. After facing hurdles in securing full lithium-ion cell manufacturing technology and transfer agreements, the company is now focusing on assembling battery energy storage systems using imported cells and components. This approach allows Reliance to leverage China’s established battery manufacturing ecosystem while adapting to evolving trade and export restrictions.
India’s energy storage market is expected to witness rapid expansion over the next decade alongside the country’s aggressive renewable energy targets. According to BloombergNEF estimates, India’s storage market could grow to 336.7 GWh by 2035 — more than 100 times its current size — creating significant opportunities for global battery makers.
The growth outlook has intensified competition among international battery companies, especially Chinese manufacturers such as CATL, which are increasingly expanding beyond electric vehicle batteries into grid-scale energy storage solutions. India is emerging as a key strategic market in that global expansion.
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