Acquisitions and Partnerships of Reliance New Energy Limited (RNEL)
Acquisitions and Partnerships of Reliance New Energy Limited (RNEL)
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Description:
RIL, through its subsidiary company Reliance New Energy Ltd (RNEL), announces acquisitions and partnerships to develop the New Energy ecosystem.
• USD 144 million investment in energy storage company Ambri Inc along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few others, as part of Reliance’s long-duration energy storage systems business globally
• USD 771 million acquisition of REC Solar Holdings AS (REC Group), one of the world’s leading solar cells/panels and polysilicon manufacturing companies
• 40% stake acquisition in Sterling & Wilson Solar, one of the largest EPC and O&M providers globally, to provide turnkey solutions in the New Energy value chain
• USD 29 million (EUR 25 million) investment in Germany’s NexWafe and a partnership for the joint technology development and commercialization of high-efficiency monocrystalline “green solar wafers”
• Collaboration with Denmark’s Stiesdal A/S on development and manufacturing of their HydroGen Electrolyzers in India, which will produce hydrogen at a significantly lower cost compared to current levels, thus paving the way for rapid decarbonization and commercialization of affordable Green Hydrogen
• GBP 100 million acquisition of leading global sodium-ion battery technology company Faradion Ltd, and an additional GBP 25 million investment as growth capital to accelerate commercial roll out.
Date_accepted:
2022-08-16T14:30:47Z
Modified:
2022-08-16T14:30:47Z
Type:
Image
Creator:
Reliance Industries Limited
Contributor:
Ayyar, Tushar
Rights:
http://rightsstatements.org/vocab/InC/1.0/
References:
Ambri Inc, Reliance New Energy Limited, NexWafe, REC Solar, RNEL, A Journey of Prosperity for People and Planet Continues..., Faradion, and Sterling & Wilson Solar