Reliance Eyes Chinese Battery Giant CATL and Others for Mega Energy Storage Push

Reliance Industries is in talks with China-based Contemporary Amperex Technology Co. Limited (CATL) and other global suppliers for sourcing parts used in battery energy storage systems (BESS), according to The Bloomberg reports. 

The discussions are linked to Reliance’s energy storage project in Jamnagar, Gujarat. The company is looking to secure additional suppliers for battery components as it expands its presence in renewable energy and storage infrastructure. 

Jamnagar Facility 

The Jamnagar site is to be one of the largest energy storage manufacturing facilities in India. Battery energy storage systems are to store electricity generated from renewable sources such as solar and wind power.  

India has set a renewable energy target of 500 GW by 2030. Growth in renewable power capacity is to increase the requirement for large-scale battery storage systems across the electricity network. 

Supply and Technology Issues 

Reports also suggest that Reliance has faced difficulties in securing access to lithium-ion battery cell manufacturing technology. China has introduced tighter controls on exports of certain battery-related technologies in recent years. 

Earlier discussions between Reliance and CATL reportedly included plans for technology transfer related to battery cell manufacturing in India. However, the talks did not lead to a final agreement. 

Reliance later partnered with Xiamen Hithium Energy Storage Technology Co. for battery storage systems.  

Growing Market 

According to BloombergNEF, India’s energy storage market could expand to 336.7 GWh by 2035. The research firm estimated this would be nearly 115 times the cumulative installations projected for 2025. 

The market growth has drawn interest from global battery manufacturers, particularly Chinese companies seeking opportunities in overseas energy storage projects. 

CATL has expanded operations outside China with manufacturing facilities in Germany, Hungary and Spain.  

Read More: KPI Green Energy Share Price Gains Over 4%; Signs 120 MW Battery Storage Deal with GUVNL! 

Reliance Industries Share Price Performance  

As of May 19, 2026, 11:46 am, Reliance Industries share price was trading at ₹1,335.30, down 0.045% from the previous closing price. 

Conclusion 

Reliance said it evaluates business opportunities regularly but does not comment on market speculation. The discussions with suppliers are ongoing, and there is no confirmation yet of a final agreement. 

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