RIL subsidiary acquires UK-based battery technology firm Faradion for 100 million British pounds

Reliance New Energy Solar Ltd, a Reliance Industries subsidiary, has acquired 100% shareholding in UK-based firm Faradion Limited for GBP 100 million. Reliance will spend an additional GBP 25 million to accelarate its roll out, Reliance Industries said in a press release. Faradion Limited is a leading global battery technology firm that has patents of sodium-ion battery technology. The Sheffield and Oxford-based firm […]

Read more

NTPC floats global tender to set up 1 GW battery energy storage system

India’s largest power producer NTPC has floated a global tender to invite expression of interest (EOI) for setting up 1000 megawatt-hour (MWh) of grid-scale battery energy storage system (BESS) for its power plants. “Any Indian/global company/ their consortium/ affiliates/representatives are invited to submit EoI for setting up 1000 MWh of Grid-scale BESS at NTPC Power […]

Read more

Australian Mines shares soar after partnering with Indian firm to produce key battery metal

Shares in Australian Mines closed 25 per cent higher last week after the company announced it had partnered with an Indian firm to evaluate the use of scandium in next-generation battery storage technology. The Perth-based miner said its planned collaboration with India’s Amrita Centre for Research and Development’s Centre of Excellence in Advanced Materials and Green Technologies acknowledges […]

Read more