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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Reliance buys Norway’s REC Solar Holdings from China’s Bluestar for $771 million; also picks up controlling stake in Sterling & Wilson for Rs 2850 crore

Mukesh Ambani-controlled Reliance New Energy Solar, a wholly owned subsidiary of Reliance Industries (RIL), has acquired REC Solar Holdings (REC Group) from China National Bluestar (Group) Co. An RIL statement said the transaction is for an enterprise value of $771 million. This is the first major renewable energy deal, where an equipment manufacturing facility has been acquired. Hours after picking up […]

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Perpetua’s Stibnite Gold Project to supply antimony to RNESL, Reliance-backed energy storage company

As reported yesterday, Reliance New Energy Solar Ltd (RNESL), along with US-based Paulson & Co. Inc. and Bill Gates , is investing $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA. Nasdaq-listed Perpetua Resources has now announced an antimony supply deal with Ambri Inc. Perpetua’s Stibnite gold project, in central Idaho, […]

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Reliance and partners to invest $ 144 million in US-based energy storage firm

Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries (RIL), along with strategic investors Paulson & Co. Inc. Bill Gates, and a few other investors has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA. RNESL will invest $50 million to acquire 42.3 million […]

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