Energy Transition

India's Reliance to buy UK battery technology player Faradion in $135m deal

Indian giant will also invest £25 to accelerate the commercial rollout of Faradion's sodium-ion battery technology

Eye on the prize: Reliance chairman Mukesh Ambani claims Faradion provides a leading energy storage and battery solution — Eye on the prize: Reliance chairman Mukesh Ambani claims Faradion provides a leading energy storage and battery solutionPhoto: REUTERS/SCANPIX

Josh Lewis

Perth

Reliance Industries United Kingdom Mukesh Ambani India James Quinn

Published 31 December 2021, 06:38Updated 4 January 2022, 12:33