Reliance Acquires 20% Stake in Perovskite-based Solar Tech Firm Caelux for $12 Million

Investment to help Reliance make efficient and low-cost modules

September 23, 2022

/ Sumit Jha
/ Finance and M&A, Solar
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Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired a 20% stake for $12 million in California-headquartered Caelux Corporation, a company developing perovskite-based solar technology to enhance module efficiency.

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Sumit Jha

More articles from Sumit Jha.
CaeluxinvestmentPerovskiteRelianceSolar Modules
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