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Reliance Industries to acquire sodium-ion battery provider Faradion – pv magazine Australia

Reliance Industries to acquire sodium-ion battery provider Faradion – pv magazine Australia

Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (AUD$187 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.

From pv magazine Global.

India headquartered multinational Reliance Industries has continued its shopping spree in the renewable energy sector signing a binding agreement to acquire a 100% shareholding in UK-based sodium-ion specialist Faradion to the tune of GBP100 million (AUD$187 million).

The…

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