{"id":459500,"date":"2021-12-31T09:25:02","date_gmt":"2021-12-31T03:55:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459500"},"modified":"2021-12-31T10:07:20","modified_gmt":"2021-12-31T04:37:20","slug":"reliance-new-energy-acquires-100-stake-in-sodium-ion-battery-firm-faradion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-new-energy-acquires-100-stake-in-sodium-ion-battery-firm-faradion\/","title":{"rendered":"Reliance New Energy acquires 100% stake in sodium-ion battery firm Faradion"},"content":{"rendered":"<p>Reliance NSE 0.30 % Industries&#8217; solar arm will buy sodium ion battery technology provider Faradion for 100 million pounds including debt.<\/p>\n<p>&#8220;Reliance New Energy Solar Limited, a wholly owned subsidiary of the company, has entered into an agreement with Faradion (Faradion) and its shareholders for acquiring 100% of the equity shares of Faradion through secondary transactions for a total value of GBP 94.42 million based on an enterprise value of GBP 100 million,&#8221; the company said in a filing.<\/p>\n<p>Faradion, which is based in the UK, is one of world&#8217;s leading battery technology companies. It boasts of an extensive IP portfolio covering many aspects of sodium-ion technology. Reliance will use Faradion\u2019s 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 at Jamnagar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance NSE 0.30 % Industries&#8217; solar arm will buy sodium ion battery technology provider Faradion for 100 million pounds including debt. &#8220;Reliance New Energy Solar Limited, a wholly owned subsidiary of the company, has entered into an agreement with Faradion (Faradion) and its shareholders for acquiring 100% of the equity shares of Faradion through secondary transactions for a total value of GBP 94.42 million based on an enterprise value of GBP 100 million,&#8221; the company said in a filing. Faradion, which is based in the UK, is one of world&#8217;s leading battery technology companies. It boasts of an extensive IP [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-459500","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=459500"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459500\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}