Reliance New Energy Limited To Invest In Caelux Corporation
09/23/22, 1:00 PM
Location
pasadena
Industry
solar
renewable energy
energy
manufacturing
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 Info
Location
pasadena, california, united states
Additional Info
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.