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RIL subsidiary acquires UK-based battery technology firm Faradion

Faradion Limited is a leading global battery technology firm that has patents of sodium-ion battery technology

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Reliance will use Faradion’s state-of-the-art technology at its proposed fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project in Jamnagar

BS Web Team New Delhi

1 min read Last Updated : Dec 31 2021 | 9:47 AM IST

Reliance New Energy Solar Ltd, a Reliance Industries subsidiary, has acquired 100% shareholding in UK-based firm Faradion Limited for GBP 100 million. Reliance will spend an additional GBP 25 million to accelarate its roll out, Reliance Industries said in a press release.

Faradion Limited is a leading global battery technology firm that has patents of sodium-ion battery technology. The Sheffield and Oxford-based firm has a wide range of IP portfolios covering several aspects of the sodium-ion technology. The technology provides next generation, high density, safe, sustainable and low cost energy storage technology solution, the company said.

Reliance will use Faradion’s

Topics : Reliance Industries Mukesh Ambani battery technology