Reliance New Energy acquires Lithium Werks’ assets for $ 61 million

Reliance New Energy Ltd (RNEL) an arm of Reliance Industries Limited is set to acquire the assets of cobalt-free lithium battery technology and manufacturing company Lithium Werks for a total transaction value of $61 million, Mukesh Ambani-led conglomerate said in a media release. The acquisition will provide RNEL access to Lithium Werk’s cobalt-free and high-performance […]

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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 […]

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