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India’s Reliance Industries is investing $12 million in Caelux, a US company developing materials to improve solar panels. Caelux coats glass that covers silicon-based solar panels with perovskite, a nanomaterial that turns sunlight into energy. The company says combining silicon with perovskite can improve a solar panel’s efficiency at low cost. Caelux will use the funds to build a pilot facility in the US. Reliance hopes to use the technology at a major solar manufacturing hub it’s building in India.
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