Reliance Power Limited launched the new subsidiary, Reliance Nu, to innovate and seize the opportunities in developing clean, affordable and reliable energy solutions that India and the world’s growing demand for sustainability needs.
Anil Ambani led-Reliance Power is giving priority to its renewable energy business and for the same, the company has announced the appointment of two key people-Mayank Bansal as Chief Executive Officer (CEO) and Rakesh Swaroop as Chief Operating Officer (COO), who have combined experience of over four decades.
Mayank Bansal, the new CEO of Reliance NU Energies, brings 25 years of expertise in renewable energy and management consulting. He graduated from IIT Bombay and did MBA from ISB. Rakesh Swaroop, Reliance NU Energies’ COO, has over 17 years of experience in startups and the energy sector.
The company said in a statement that the two energy sector veterans will take the charge of Reliance Power’s new initiative, Reliance NU Energies, which focuses on renewable energy solutions, from energy sources such as solar, wind, geothermal and Firm and Dispatchable Renewable Energy (FDRE) to energy storage such as pump storage hydropower ( PSP) and Battery Energy Storage System ( BESS).
“The new subsidiary Reliance Nu will innovate and seize the opportunities in developing clean, affordable and reliable energy solutions that India and the world’s growing demand for sustainability needs,” it said.
Reliance Nu focuses on solar, wind, hybrid systems, and advanced energy storage to address these needs.
Reliance Power Limited launched the new subsidiary, Reliance Nu, to innovate and seize the opportunities in developing clean, affordable and reliable energy solutions that India and the world’s growing demand for sustainability needs.