Reliance accelerates renewable energy push with $12mn investment in American solar tech firm
Image Credit: FPJ
Reliance New Energy Ltd. (RNEL), a wholly owned subsidiary of Reliance Industries Ltd., has signed agreements to invest in Caelux Corporation, a U.S company headquartered in Pasadena, California. Reliance plans to invest USD 12 million to acquire a 20 percent stake in the US-based perovskite-based solar tech firm. Caelux is in the research and development of perovskite-based solar technology.