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<keyword id="8460033" type="General" weightage="20" keywordseo="bofa-securities" source="Orion">BofA Securities</keyword> has given a 'Buy' call for E Ink, Hundsun, Japan Airlines, Mazda Motor, PICC Group, <keyword id="6355199" type="General" weightage="20" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword>, Samsung F&amp;M, SBI Cards, and United Breweries for the July-September 2023 quarter. The financial services company sees potential return on investments in the range 6-72 %. It, however, gave an 'Underperform' rating for IDP Education, with a potential 16 % downside in its stock price. BofA Securities said they presented a list of 10 quarterly stock recommendations among Asia Pacific companies, based on the view that these stocks could have the most significant market and business-related catalysts in the quarter ahead. "Given the breadth and scope of our overall coverage of stocks and sectors in Asia Pac, we recognize this recommended list cannot include nor is it designed to include all major catalysts. Our objective is to identify what we believe will be the highest impact ideas in each quarter when we publish the list," the financial services company said. For Reliance, the financial services company has a 'Buy' rating as Jio has emerged as the top telecom player in a growing market in India. "Reliance's telecom subsidiary -Jio - has garnered a large number of paying subscribers. Service quality perceptions continue to improve. Data demand appears to be sticky, and relatively less price sensitive," it said. "Reliance is also completing a major petrochemicals expansion, which should significantly increase its free cash flow potential. Continued improvements at Jio and FCF (free cash flow) generation should drive upside." Explaining the rationale behind the recommendation, it said it maintained 'Buy' on Reliance Industries after finding find risk-reward favorable as it heads into its Annual General Meeting (likely in August). With Jio making investments in 5G, BofA Securities sees further room for the company to gain market share -- mainly at the expense of Vodafone Idea. "Furthermore, any better-than-expected revenues in fiber broadband or digital initiatives could surprise positively." The Indian conglomerate foraying into "high-margin" niches like chocolates, cosmetics, and beverages by making acquisitions is also a positive, BofA Securities said. Further, it said Reliance's oil-to-chemical business is well positioned to generate $9-9.5 billion EBITDA for the next three years, thus providing cash-flow stability. "We also consider <keyword id="6484187" type="General" weightage="20" keywordseo="ril" source="Orion">RIL</keyword> to be one of the very few Indian companies who have potential to be big in clean energy space mainly in solar, battery, electrolyser and fuel cells as they are setting gigafactories," it added. (ANI)

Reliance among BofA Securities' top 10 Asia Pacific stock recommendations

<ul><li>Indian billionaire <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> has upped the stakes with an investment of $25.76 million in <keyword id="2392602" type="PERSON" weightage="20" keywordseo="skytran">skyTran</keyword>, acquiring a majority stake.</li><li>skyTran, not unlike <keyword id="6355315" type="UNKNOWN" weightage="20" keywordseo="elon-musk">Elon Musk</keyword>’s <keyword id="6396317" type="UNKNOWN" weightage="20" keywordseo="Hyperloop">Hyperloop</keyword>, used the power of magnets to offer a carbon emissions-free of travelling faster within urban cities.</li><li>Hyperloop already has three projects going in India — Mumbai to Pune, Bengaluru Airport connectivity, and Delhi to Chandigarh.</li></ul>A battle of the billionaires is unfolding in India between Asia’s richest man, Mukesh Ambani and founder of <keyword id="6360701" type="DEFINITION" weightage="20" keywordseo="spacex">SpaceX</keyword> and <keyword id="107096" type="COMPANY" weightage="20" keywordseo="Tesla">Tesla</keyword>, Elon Musk. Ambani’s <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> has acquired a US-based transportation company developing pod taxis, that the conglomerate initially invested in three years ago, through its subsidiary Reliance Strategic Business Ventures. Both skyTran and Musk’s Hyperloop are in the business of making pod taxis. Also called personal rapid transit (PRT), these are a type of small public transport facility that feature small automated vehicles that operate within a network of specially built tracks. <div type="image" title="skytran pod_edited" msid="81267236" hostid="261" caption="&amp;lt;p&amp;gt;SkyTran&amp;#39;s pod taxis for intra-city transport&amp;lt;/p&amp;gt;"></div> Hyperloop and skyTran taxis use the power of magnets to move around at speeds that can theoretically reach upto <a href="https://www.businessinsider.in/virgin-hyperloop-one-has-hired-on-one-of-the-worlds-most-experienced-transit-executives-as-its-new-ceo/articleshow/66549678.cms">240 kilometres per hour.</a> Hyperloop, already, has three projects in the works within India. One connecting Mumbai to Pune, another increasing the connectivity to the Bangalore International Airport and the latest endeavour to connect Chandigarh to India’s capital city, New Delhi. <div type="image" title="virgin hyperloop india_edited" msid="81267192" hostid="261" caption="&amp;lt;p&amp;gt;Elon Musk-owned Virgin Hyperloop One&amp;#39;s pod for the Mumbai-Pune connectivity project&amp;lt;/p&amp;gt;"></div> “skyTran has developed breakthrough passive magnetic levitation and propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally,” said Reliance in its <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/352332a8-a32a-49d5-a45d-6ae3c68b2da1.pdf">regulatory filing</a>. This comes within days of Ambani announcing that he will <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-says-he-will-make-batteries-ahead-of-a-boom-in-electric-vehicles/articleshow/81166590.cms">make batteries</a> for electric vehicles ahead of the boom resonating with Musk’s plans with Tesla. While Tesla makes its lionshare of revenue from the actual cars, Musk has invested in energy generation and storage in a big way. Musk had earlier revealed that his company may set up a <a href="https://www.electrive.com/2020/12/29/tesla-makes-headway-in-germany-and-india/">Gigafactory within India</a> once it starts manufacturing electrical vehicles in India. Its office is already set up in Bangalore with plans for a manufacturing plant soon to follow, according to <a href="https://timesofindia.indiatimes.com/business/india-business/tesla-to-set-up-electric-car-manufacturing-unit-in-karnataka/articleshow/80900006.cms">reports</a>. skyTran vs Hyperloop The idea to introduce pod taxis in India was led by Minister for Road Transport and Highways, Nitin Gadkari, in 2016. A year later, in 2017, a panel headed by Indian government’s policy think tank NITI Aayog cleared the ministry’s proposal to test three rapid transport systems using pod taxis. The short-listed candidates were New Zealand’s Metrino Personal Rapid Transit, UK’s Ultra Global PRT and US-based skyTran. Ultra Global uses rubber tyres that run on specially made tracks and Metrino’s pods are suspended from overhead rails. Of the three, skyTran is the only one that uses magnetic levitation to move pod taxis from point to point, making it the only competitor to Hyperloop’s hopes in India. Rather than typing up with the central government, Hyperloop chose to work on projects with state governments. It has been working with the Maharashtra government to build the world’s first commercial Hyperloop corridor running between Pune and Mumbai. The Musk-owned enterprise is also working on increasing connectivity to the Bangalore Airport. In November last year, Hyperloop had a major breakthrough. It successfully <a href="https://www.businessinsider.in/tech/news/hyperloop-pod-carries-two-humans-through-a-tube-at-over-160-kmph-for-the-first-time-ever/articleshow/79121765.cms">carried two humans</a> through a tube in one of its magnetically levitated pods at 160 kilometers per hour. <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[]]></cdata></div> Both of these companies may use magnetically levitating taxis to bet on the future but there is a key difference in the application of their respective technologies. Hyperloop is great for travelling longer distances, more between cities than within the city itself. skyTran, on the other hand, is focused on intra-city transport. Reliance started out by acquiring 12.7% of skyTran in October 2018. Next year, in November 2019, ir raised its stake to 17.37%,. By April 2020, Reliance put in a third tranche of investment to bring its stake up <a href="https://www.livemint.com/companies/news/ril-raises-stake-in-us-based-skytran-to-26-3-11588157023518.html">to 26.3%</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/news/mukesh-ambani-ratan-tata-and-anand-mahindra-might-come-together-for-indias-new-national-hydrogen-mission/articleshow/80645570.cms">Mukesh Ambani, Ratan Tata, and Anand Mahindra might come together for India’s new National Hydrogen Mission</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-says-he-will-make-batteries-ahead-of-a-boom-in-electric-vehicles/articleshow/81166590.cms">Mukesh Ambani says he will make batteries ahead of a boom in electric vehicles⁠</a>

Elon Musk is facing a challenge from Asia’s richest man Mukesh Ambani in India⁠— both in energy and transportation

<ul><li><keyword id="152170" type="COMPANY" weightage="20" keywordseo="Saudi-Aramco">Saudi Aramco</keyword>’s chairperson Yasir al-Rumayyan’s appointment to the <keyword id="10926" type="CITY" weightage="20" keywordseo="Reliance">Reliance</keyword>’s board</li><li>The strategic partnership with Saudi Aramco is a part of Reliance agenda to expand its oil-to-chemical business</li><li>Reliance is developing a Dhirubhai Ambani Green Energy Giga Complex to create solar energy</li></ul>Mukesh Ambani-led Reliance Industries officially announced the strategic deal with Saudi Aramco, at its 44th annual general meeting (AGM) held today at 2 p.m. The strategic partnership with oil major Saudi Aramco is a part of the company’s vision of achieving accelerated growth in its oil-to-chemical (O2C) business, Reliance’s Chairperson and Managing Director Ambani announced today. He further added that the partnership is expected to be “formalised in an expeditious manner during this year.” "We operationalised the JV [joint venture] with BP [of UK] in fuel retailing, using technology and innovation to deliver new customer value. The demand and margin environment for petrochemicals had recovered to pre-COVID levels by March. I am confident that our O2C [oil-to-chemicals] business will benefit from the strong global growth environment,” Ambani. Saudi Aramco’s chairperson Yasir al-Rumayyan’s appointment to the Reliance’s board is seen as another positive sign for this deal initially announced in 2019. “He is one of the most renowned names in energy finance and technology globally. I am sure that we will immensely benefit from his rich experience with one of the world's largest companies, and also one of the largest sovereign wealth funds in the world,” Ambani said. Here are some of the highlights from Reliance Industries’ AGM <ul><li><keyword id="6484187" type="COMPANY" weightage="20" keywordseo="ril">RIL</keyword> to invest over ₹60,000 crore in new energy business: Ambani, at the 44th AGM, also specified Reliance Industries’ mega plans for green energy this year with four new projects -- integrated solar photovoltaic module factory, advanced storage battery factory, electrolyser factory, fuel cell factory. It has also established a Reliance New Energy Council. The company is working on its first integrated Solar Photovoltaic Gigafactory that will create solar energy. It targets to achieve costs that are lowest in the world to ensure affordability of our solar modules. Besides this, Reliance has started work on developing the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar in Gujarat. “It will be amongst the largest such integrated renewable energy manufacturing facilities in the world,” Ambani said.</li></ul><ul><li>Reliance looks to boost its E&amp;P business: “In our E&amp;P [exploration and production] business, BP and Reliance commenced production in the KGD6 basin. Our JV brought two of our three toughest deep water gas projects to production. This has been accomplished in record time and set a new global benchmark for capital costs… This will establish Reliance again as one of the largest domestic producers of gas in India, meeting 20 percent of India's gas demand. E&amp;P will again be a source of significant value and sustained earnings growth over the next decade,' Ambani said.</li></ul><ul><li>Google and Reliance have announced a new 5G partnership today at the AGM: “As a part of these collaborations, Reliance will also shift its core retail businesses to Google cloud infrastructure. They will be able to take advantage of Google’s artificial intelligence (AI) and machine learning (ML), e-commerce and demand forecasting offerings. Harnessing the quality and performance of Google Cloud will enable these businesses to scale up as needed to respond to the customer demand. Empowering businesses as they embark on their digital journeys, is a key part of our mission in India. I am excited for the innovation this partnership will help unleash.”</li></ul><ul><li><keyword id="2003276" type="PERSON" weightage="20" keywordseo="Jio">Jio</keyword>Phone Next, a 4G smartphone developed by Jio and Google, will be available in India from September 10. “JioPhone Next is a fully featured smartphone supporting the entire suite of applications from both Google and Jio,” Ambani added.</li></ul>Here is a full list of highlights from <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s virtual address at Reliance Industries’ AGM: <ul><li>“Jio became the first operation, outside of China, to achieve 400 million subscribers,” said Ambani.</li><li>Reliance Industries conducted 6.8%, or ₹1,45,143 crore, of India’s total merchandise export across 107 countries.</li><li>The company paid ₹21,044 crore for customs and excise duty. About ₹85,306 crore as goods and services tax (GST) and value added tax (VAT). Nearly, ₹3,213 crore as income tax.</li><li>Reliance added 75,000 new jobs in the financial year 2021.</li><li>Reliance Retail’s growth to triple in the next 3-5 years: “We are committed to grow our business so that we are among the top 10 retailers globally. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least 3x in the next 3-5 years.”</li><li>“Today, Reliance is producing over 11% of India’s medical grade liquid oxygen,” <keyword id="7024" type="PERSON" weightage="20" keywordseo="Nita-Ambani">Nita Ambani</keyword>, a director of RIL, said in her address during the AGM.</li></ul>SEE ALSO: <h1 style="margin-bottom: 10px; padding-bottom: 15px; border-bottom: 1px solid rgb(238, 238, 238); font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 1.6rem; line-height: 1.2em; font-family: LabGrotesque-Black, Helvetica, Arial, sans-serif; vertical-align: baseline; color: rgb(17, 21, 22); background-color: rgb(255, 255, 255);"><a href="https://www.businessinsider.in/tech/mobile/news/jiophone-next-smartphone-announced-check-out-features-launch-date/articleshow/83806398.cms" data-type="tilCustomLink">Reliance announces JioPhone Next smartphone in partnership with Google – available from September 10</a> <a href="https://www.businessinsider.in/tech/news/jio-google-5g-announcement-google-cloud-reliance-retail-jiomart/articleshow/83807617.cms#:~:text=Jio's%20networking%20prowess-,Jio%20and%20Google%20come%20together%20for%205G%2C%20leveraging%20Google's,expertise%20and%20Jio's%20networking%20prowess&amp;text=Reliance%20will%20use%20Google%20Cloud,Android%20smartphone%2C%20the%20JioPhone%20Next." data-type="tilCustomLink">Jio and Google come together for 5G, leveraging Google’s cloud expertise and Jio’s networking prowess</a> <a href="https://www.businessinsider.in/tech/news/google-insiders-say-theyre-unhappy-with-its-risk-averse-style-as-the-company-grows-with-36-vps-quitting-in-a-year/articleshow/83748221.cms#:~:text=Google%20insiders%20say%20they're,VPs%20quitting%20in%20a%20year&amp;text=The%20New%20York%20Times%20found,shut%20down%20%22vanity%20projects.%22" data-type="tilCustomLink">Google insiders say they're unhappy with its risk-averse style as the company grows, with 36 VPs quitting in a year</a></h1>

Reliance Industries’ AGM — Mukesh Ambani officially announces Saudi Aramco as strategic partner

<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><ul><li><a href="http://www.businessinsider.com/category/tesla">Tesla</a> may build a Gigafactory in Germany, CEO <a href="http://www.businessinsider.com/category/elon-musk">Elon Musk</a> said on Tuesday.</li><li><a href="http://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> has a Gigafactory in Sparks, Nevada, that makes batteries and powertrains for its vehicles.</li><li>Future Gigafactories will house battery, powertrain, and vehicle production.</li><li>During the company's annual shareholder meeting on June 4,&#xa0;Musk discussed Tesla's plans to build a Gigafactory in Shanghai, China.</li></ul> Tesla may build a Gigafactory in Germany, CEO Elon Musk said on Tuesday.Musk <a href="https://twitter.com/elonmusk/status/1009014824280342529?ref_src=twsrc%5Etfw&amp;ref_url=https%3A%2F%2Felectrek.co%2F2018%2F06%2F20%2Ftesla-germany-new-gigafactory%2F">said</a> on Twitter that Germany is one of Tesla's preferred locations for a European Gigafactory. He said the company could possibly locate the factory on the border of Germany and France.Tesla's European headquarters and an assembly plant are located in the Netherlands. Musk <a href="https://twitter.com/elonmusk/status/1009164260151185408">said</a> on Twitter that Tesla will not move its European headquarters.Tesla has a Gigafactory in Sparks, Nevada, that makes batteries and powertrains for its vehicles.&#xa0;Future Gigafactories will house battery, powertrain, and vehicle production.During the company's annual shareholder meeting on June 4,&#xa0;Musk <a href="http://www.businessinsider.com/elon-musk-details-teslas-gigafactory-plans-in-us-china-europe-2018-6">discussed Tesla's plans</a> to build a Gigafactory in Shanghai, China. Musk said Tesla will announce details about the Chinese Gigafactory as soon as next month.Tesla intends to ultimately build between 10 to 12 Gigafactories, Musk said, which is part of the company's plan to reduce production costs for its vehicles.Musk also discussed plans for the Nevada Gigafactory, which he said is about one-third of its planned size and "will be, by far, the biggest building in the world."Tesla will continue building the Nevada Gigafactory for at least four more years, Musk said.The company began building the Nevada Gigafactory in 2014 amid concerns that the global supply of batteries would not be sufficient to meet the demand for its Model 3 sedan, which starts at $35,000 and is Tesla's first mass-market vehicle. Since its founding, Tesla has made an effort to decrease its reliance on third-party suppliers and produce an increasing percentage of its vehicles in-house.&#xa0;Bottlenecks at the Nevada Gigafactory have contributed to production delays that have slowed the Model 3's rollout.&#xa0;On June 4,&#xa0;<a href="http://www.businessinsider.com/tesla-model-3-scrap-waste-high-gigafactory-2018-5">Business Insider</a>&#xa0;reported that Tesla expects up to 40% of the raw materials used in its battery and powertrain production process to be reworked or scrapped before being sent to the Fremont, California, factory where it assembles its vehicles. Tesla has spent nearly $150 million on scrap materials this year, according to internal estimates reviewed by Business Insider, a figure the company disputed.If you've worked for Tesla and have a story to share, you can contact this reporter at mmatousek@businessinsider.com.Get the latest Tesla stock price<a href="http://markets.businessinsider.com/stock/TSLA-Quote"> here.</a><div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/covergirl-svp-ukonwa-ojo-interview-2018-6">'The beauty industry had really moved on': CoverGirl's Ukonwa Ojo takes us inside the company's biggest ever rebrand</a></h3> <div> </div> </div></hr>

Elon Musk says Tesla is considering building a Gigafactory in Germany

<div class="KonaFilter image-container display-table"><div><div class="image on-image">TeslaTesla CEO Elon Musk said the company's Gigafactory in Sparks, Nevada, is one-third of its planned size.</div></div></div><ul><li><a href="http://www.businessinsider.com/category/tesla">Tesla</a> CEO <a href="http://www.businessinsider.com/category/elon-musk">Elon Musk</a> provided details about the company's plans for its current and future Gigafactories at Tesla's annual shareholder meeting on Tuesday. </li><li>Musk discussed <a href="http://markets.businessinsider.com/stocks/tsla-stock">Tesla</a>'s plans to build Gigafactories in China and Europe.</li><li>He also said the Nevada Gigafactory is about one-third of its planned size and "will be, by far, the biggest building in the world." </li></ul> Tesla CEO Elon Musk provided details about the company's plans for its current and future Gigafactories at Tesla's annual shareholder meeting on Tuesday. The company currently has one Gigafactory in Sparks, Nevada, that makes batteries and powertrains for its vehicles. Future Gigafactories will house battery, powertrain, and vehicle production. On Tuesday, Musk discussed Tesla's plans to construct a Gigafactory in China, which will be located in Shanghai. Musk said Tesla will announce details about the Chinese Gigafactory as soon as next month.Musk also said Tesla will build a European Gigafactory, which may be announced by the end of the year. Tesla plans to ultimately build between 10 and 12 Gigafactories, according to Musk, which is part of the company's plan to reduce production costs for its vehicles."Particularly as we try to make cars more and more affordable, it's getting important to localize production to at least the continent level," Musk said on Tuesday. Musk also discussed plans for the Nevada Gigafactory, which he said is about one-third of its planned size and "will be, by far, the biggest building in the world." Tesla will continue building the Nevada Gigafactory for at least four more years, Musk said.The company began building the Nevada Gigafactory in 2014 amid concerns that the global supply of batteries would not be sufficient to meet the demand for its Model 3 sedan, which starts at $35,000 and is Tesla's first mass-market vehicle. Since its founding, Tesla has made an effort to decrease its reliance on third-party suppliers and produce an increasing percentage of its vehicles in-house.Bottlenecks at the Nevada Gigafactory have contributed to production delays that have slowed the Model 3's rollout. In January, <a href="https://www.cnbc.com/2018/01/25/tesla-employees-say-gigafactory-problems-worse-than-known.html">CNBC</a> reported that Tesla was making some parts of the batteries by hand that would normally be made by machines, <a href="http://www.businessinsider.com/tesla-building-model-3-batteries-by-hand-quality-questioned-report-claims-2018-1">despite concerns about precision and safety</a>. Tesla called the report "extremely misinformed and misleading" and denied that Model 3 batteries were potentially dangerous.On Monday, <a href="http://www.businessinsider.com/tesla-model-3-scrap-waste-high-gigafactory-2018-5">Business Insider</a> reported that Tesla expects up to 40% of the raw materials used in its battery and powertrain production process to be reworked or scrapped before being sent to the Fremont, California, factory where it assembles its vehicles. Tesla has spent nearly $150 million on scrap materials this year, according to internal estimates reviewed by Business Insider, a figure the company disputed.Get the latest Tesla stock price<a href="http://markets.businessinsider.com/stock/TSLA-Quote"> here.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/sallie-krawcheck-impact-investing-diversity-benefits-of-investing-in-women-2018-6">Former Wall Street CEO reveals how most financial products designed for women completely miss the point</a></h3> <div> </div> </div>

Elon Musk reveals new details about Tesla's plans to build Gigafactories around the world

<div class="KonaFilter image-container display-table float_right"><div><div class="image">REUTERS/Danny Moloshok</div></div></div>Goldman Sachs has set an estimated date for when they believe residential solar power becomes competitive with existing electric across the U.S. 
It's relatively soon. 
And it's mostly thanks to Elon Musk. 
Here's their timeline, from their latest note on Tesla:
<ul>
<li>First, assuming the Gigafactory - the giant manufacturing facility that will soon begin pumping out lithium ion batteries to be used in both Tesla vehicles and renewable energy storage units - reaches its potential, the cost of said batteries should drop to $125/KWh by 2020, from a current price of more than $200/KWh, and dropping 3% each year thereafter. </li>
<li>The cost of solar panels continues to fall. Goldman says we can expect an average reduction of 3% annually here as well. That is extremely ambitious - cost reductions have stalled a bit of late - but it does jibe with this famous chart. </li>
</ul>
<div class="KonaFilter image-container display-table"><div><div class="image">CleanTechnica</div></div></div> 
<ul>
<li>Finally, if electricity prices continue to climb in-line with historical increases - something that assumes a steadier economic recovery - prices for existing forms of electricity will increase 3% annually</li>
</ul>
"This puts LCOE at $0.20 by 2033 which would be at parity with the US grid price," Goldman says.
And this could happen even sooner in New York, California, and Hawaii, where electricity is more expensive and especially in places like Hawaii where costs are $0.36 per KWh, the note.
They go on to invoke the two scariest words in the world for utilities: grid defection (people leaving the grid). And they lay out three reasons why, though nothing is imminent, we are heading in that direction. 
Ultimately the holy grail of solar is to move to a situation where the customer is no longer tied to the grid at all. This may be far off, aside from entailing a much more expensive solar/battery system, this is also potentially out of people's comfort zone entailing a 100% reliance on a new system for their electricity needs. That said, decreased reliability from an aging distribution infrastructure, a broadening desire to reduce the carbon footprint, and perhaps most importantly, the reduction of solar panel and battery costs could also work together to make grid independence a reality for many customers one day.
They conclude: "As this is a very high-level exercise, we do not quantify the addressable market in this report, but to us the conclusion is very clear - the potential for this application could be very large."

You Searched For "Reliance Gigafactory" and got 6 results

Reliance among BofA Securities' top 10 Asia Pacific stock recommendations

ANI

Elon Musk is facing a challenge from Asia’s richest man Mukesh Ambani in India⁠— both in energy and transportation

Prabhjote Gill

Reliance Industries’ AGM — Mukesh Ambani officially announces Saudi Aramco as strategic partner

Kritti Bhalla

Elon Musk says Tesla is considering building a Gigafactory in Germany

Mark Matousek

Elon Musk reveals new details about Tesla's plans to build Gigafactories around the world

Mark Matousek

GOLDMAN: Solar Is On The Way To Dominating The Electricity Market, And The World Has Elon Musk To Thank

Rob Wile

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