Mukesh Ambani

Reliance New Energy Ltd acquires assets of Lithium Werks BV

Reliance Industries’ subsidiary Reliance New Energy Ltd on Monday signed definitive agreements to acquire “substantially” all of the assets of Lithium Werks BV for a total transaction value of $61 million, including funding for future growth. The assets include the entire patent portfolio of Lithium Werks – a leading provider of cobalt free and high-performance […]

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Hype powers the green hydrogen journey for now

With not even a week since the National Green Hydrogen Policy (Phase1) was announced, you could be forgiven for thinking that the revolution is here. The key points of the policy are: Green Hydrogen / Ammonia manufacturers may purchase renewable power from the power exchange or set up renewable energy capacity themselves or through any […]

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The Sodium Ion Batteries Behind Reliance’s $135 million Purchase of Faradion

When Reliance announced the outright purchase of UK based Faradion Limited on the last day of 2021, it was widely seen as one more brick in the renewable edifice that Reliance has committed itself to. The Faradion investment was the 6th major investment by the firm into technologies or competency in the renewable space. But […]

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Green Hydrogen Powered India: From Vision to Reality

Announcements of grand plans by Mukesh Ambani and Gautam Adani, and the partnership between L&T and ReNew have added serious ability behind the intent to produce green hydrogen in India  The fact that India is not an energy self-reliant economy is well-known. Just a few weeks ahead of the Glasgow Summit, in August’21, Prime Minister […]

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Decoding The Reliance Gambit In Renewable Energy

It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […]

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It’s Shopping Sunday For Reliance With 40% Stake in Sterling And Wilson Solar

In a Stock exchange filing today, Sterling and Wilson Solar has informed the exchange about the signing of definitive agreements by Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (Reliance), and Shapoorji Pallonji and Company Private Ltd (SPCPL), Khurshed Daruvala and Sterling and Wilson Solar Ltd (SWSL) to acquire 40.0% […]

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Reliance Acquires REC Group in $771 Million Buy Out

In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […]

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Reliance Joins Bill Gates, Paulson To Pump $144 M Into Energy Storage Firm Ambri Inc

Reliance New Energy Solar Ltd (RNESL), Bill Gates, Japan Energy Fund and a few other strategic partners are investing $144 million into US energy company Ambri Inc to help it commercialize and grow its daily cycling, long-duration system technology, and build a domestic manufacturing facility. “This financing supports the commercial growth of our company and technology,” said Dan […]

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