UK: Reliance New Energy Solar to acquire Faradion, a leading global sodium-ion battery technology company
Reliance New Energy Solar, a wholly owned subsidiary of Reliance Industries, has signed definitive agreements to acquire 100% shareholding in Faradion for an enterprise value of GBP 100 Mn. Based out of Sheffield and Oxford in the UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.
Source: energy-pedia.com