Reliance and Partners invest $12M in Caelux's Solar Tech

18 Aug 2023 CW Team

U.S. based perovskite solar cell technology company, Caelux, recently closed a $12 million series A3 funding round. This round was spearheaded by Temasek, a global investment firm, and saw participation from Reliance New Energy, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures. With this recent influx, Caelux's total Series A funding has reached $24 million. The funds are earmarked for the establishment of a manufacturing facility in Baldwin Park, California, with the goal of producing 100 MW of perovskite-coated glass. Additionally, the investment will bolster the company's R&D efforts, particularly in advancing perovskite technology for large-scale deployment. Caelux also unveiled plans to introduce its new product, Caelux™ One, targeting 30% efficiency in commercial tandem solar modules. Scott Graybeal, Caelux's CEO, emphasised the transformative potential of their perovskite technology in the solar sector. Notably, this marks Reliance New Energy's second investment in Caelux. In September 2022, Reliance acquired a 20% stake in Caelux for $12 million, aiming to produce high-efficiency, cost-effective solar modules at its Jamnagar-based gigafactory.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

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Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..