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Reliance New Energy to Buy 20% Stake in US-Based Caelux; Know Details

Sumary of Reliance New Energy to Buy 20% Stake in US-Based Caelux; Know Details:

  • RNEL and Caelux have also entered into a strategic partnership agreement for technical collaboration and commercialization of Caelux’s technology.
  • Caelux is an industry leader in the research and development of perovskite-based solar technology.
  • Reliance New Energy Limited (RNEL), a wholly-owned subsidiary of Reliance Industries Ltd, has signed definitive agreements to invest in Caelux Corporation (Caelux), a company headquartered in Pasadena, California, in the United States of America, engaged in the development of perovskite-based solar technology.
  • Through this investment and collaboration, Reliance will be able to produce more powerful and lower-cost solar modules leveraging Caelux’s products.

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