$12 Mn Investment Closed by Reliance & Others in California’s Perovskite Solar Firm Caelux Updated On Wed, Aug 16th, 2023 by Saurenergy California-based firm, Caelux, which employs perovskite technology for solar energy, has pocketed $12M in Series A3 funding. The said round raised the cumulative amount to $23 million. The round augmented the cumulative amount to $23M. The investment round was led by Temasek and also saw participation from Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, […] Read more
Reliance New Energy Picks Up 20% In US Solar Startup Caelux Updated On Fri, Sep 23rd, 2022 by Saurenergy Reliance New Energy Ltd (RNEL), a wholly owned subsidiary of Reliance Industries Ltd that is spearheading its renewable investments, has signed definitive agreements to invest in Caelux Corporation, a company headquartered in Pasadena, California, in the U.S. engaged in the development of perovskite-based solar technology. Caelux’s fundamental premise is cheaper, more efficient silicon solar modules, […] Read more
Govt & Firms Join Hands For 50 GWh Capacity Battery Storage Under PLI Scheme Updated On Mon, Aug 1st, 2022 by Saurenergy Reliance New Energy Limited, Ola Electric Mobility Private Limited and Rajesh Exports Limited have signed the Programme Agreement under the PLI scheme (Production Linked Incentive) for Advanced Chemistry Cell (ACC) battery storage, the Ministry of Heavy Industries has announced. Earlier in the year, Reliance New Energy Solar, Hyundai Global Motors, Ola Electric Mobility, Rajesh Exports […] Read more
At Intersolar Europe 2022, Reliance Powered REC Group launches Panels For Residential Use with G12 HJT cells Updated On Fri, May 13th, 2022 by Saurenergy REC Group, the international solar energy company headquartered in Norway, with its manufacturing plants in Singapore, launched its latest high-efficiency solar panel at Intersolar Europe 2022. With its high-power density innovations, the new REC Alpha Pure-R launched in April 2021, won the 2022 Intersolar Award also. Featuring heterojunction (HJT) cells in the large G12 format […] Read more
Rs 18,100 crore Battery PLI Finally Picks 4 Firms Updated On Fri, Mar 25th, 2022 by Saurenergy Confirmation has finally come that the four companies selected for the Advanced Cell Chemistry (ACC) or the Battery PLI scheme ACC Storage are Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Hyundai Global Motors Company Limited and Rajesh Exports Limited. These companies will received the first slew of incentives to support cell production […] Read more
New Solar PLI Scheme Changes Updated On Fri, Mar 11th, 2022 by Saurenergy Details on the new solar PLI scheme for the Rs 19,500 crores that was announced in the budget are still to come out formally. With a first PLI scheme that had a corpus of ‘just’ Rs 4,500 already having been concluded, it’s fair to expect some quick movement with part 2 now. However, reports and […] Read more
Indian EV maker Altigreen Secures Rs 300 cr in Series A Round Updated On Fri, Feb 11th, 2022 by Saurenergy Indian EV maker Altigreen has raised around Rs 300 crore (approx. US$ 40 Million) as investment in its Series A round, to boost its manufacturing, launch new products including LCVs, and strengthen its countrywide presence. The funds will be utilized to ramp up production capabilities, accelerate R&D, facilitate fast-paced EV adoption and develop a robust Pan-India network to offer the […] Read more
The Sodium Ion Batteries Behind Reliance’s $135 million Purchase of Faradion Updated On Sat, Jan 22nd, 2022 by Saurenergy 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 […] Read more
Solar PLI Tender Gets Massive Response, Close to 55 GW Worth Bids Submitted Updated On Wed, Sep 22nd, 2021 by Saurenergy The Solar PLI tender, (Production Linked Incentive) where IREDA is the implementing agency, has received a massive response from bidders, with just 9 bidders going for 4 GW capacity creation each. Another 9 bidders make up the remaining bids for 18,809 MW of capacity building. (View Scheme Details Here) The PLI Scheme has divided an […] Read more
