Shopping Cart 0 items - $0.00 0
Shopping Cart 0 items - $0.00 0

Reliance New Energy invests in US perovskite solar startup Caelux – pv magazine International

The new energy unit of Reliance Industries has signed an agreement to acquire a 20% stake in California-based perovskite solar startup Caelux for $12 million.
Perovskite solar cell
Image:
University of Oxford Press Office, Flickr

From pv magazine India
Reliance New Energy, a unit of Reliance Industries, has signed definitive agreements to acquire a 20% stake in California-based perovskite solar startup Caelux for $12 million.
Caelux, founded in 2014, is engaged in the research and development of perovskite-on-glass technology that improves the relative performance of new crystalline silicon modules. The company claims its technology can enable high-efficiency solar modules that can produce 20% more energy over the 25-year lifetime of a solar project at significantly lower installed cost.
Reliance investment will accelerate Caelux product and technology development, construction of its pilot line in the United States, and expedite commercialization. 
RNEL and Caelux have also agreed to technical collaboration and commercialization of Caelux’ technology. Their commercialization roadmap consists of developing production sites across the United States, Asia, and Latin America.
Reliance is setting up a global-scale integrated photovoltaic gigafactory in Jamnagar, Gujarat. Through this investment and collaboration, Reliance will be able to produce more powerful and lower-cost solar modules leveraging Caelux’ products.
The transaction does not require any regulatory approvals and is expected to be completed by the end of September.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
More articles from Uma Gupta
Please be mindful of our community standards.
Your email address will not be published. Required fields are marked *







By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.
Legal Notice Terms and Conditions Privacy Policy © pv magazine 2022
This website uses cookies to anonymously count visitor numbers. View our privacy policy.
The cookie settings on this website are set to “allow cookies” to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click “Accept” below then you are consenting to this.
Close

source

Leave a comment