Reliance New Energy Limited To Invest In Caelux Corporation

Sep 23, 2022•about 3 years ago

PasadenaSolarRenewable EnergyEnergyManufacturing

Description

Reliance New Energy Limited ("RNEL"), a wholly owned subsidiary of Reliance Industries Ltd ("Reliance"), has today signed definitive agreements to invest in Caelux Corporation ("Caelux"), a company headquartered in Pasadena, California, in the United States of America, engaged in the development of perovskite-based solar technology. RNEL will invest USD 12 million to acquire 20% stake in Caelux.

Company Information

Company

Caelux Corporation

Location

Pasadena, California, United States

About

Caelux’s mission is to catalyze the Integrated Power Enhancement solar market category by deploying perovskites technologies at a global scale. We were founded in 2014 as a spin-out of Caltech and continue to work out of our Pasadena, California headquarters, where our team is working on creating scalable, affordable and high-efficiency perovskite solutions. Through innovation in solar, we hope to create good quality manufacturing jobs across the industry while combating the harmful effects of climate change.

Related People

2 contacts

Reliance New Energy Limited To Invest In Caelux Corporation

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Related People

Company Information