• Reliance Industries looks for innovative ways to produce Green Hydrogen more affordably

    Business

    Ambani stated last year that Reliance would pursue an aggressive goal to manufacture green hydrogen at a cost of $1 per kilogramme by the end of this decade. The cost to produce the fuel in India at the time ranged from $2.22 to $4.62 per kilogramme.

    Digital Desk: In an effort to manufacture low-cost green hydrogen in the nation, Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is evaluating novel electrolyzer manufacturing methods.

    Kapil Maheshwari, head of new energy at Reliance, stated at the BloombergNEF summit in New Delhi on Wednesday that the company also intends to compete for any production-related incentives the government may offer to promote the technology.

    The first stage of the green hydrogen strategy was revealed by the administration of Prime Minister Narendra Modi in February, and it included a number of incentives for businesses to start projects. Raj Kumar Singh, the minister for power and renewable energy, stated last week that India is thinking about providing more "sweeteners" for producers.

    Investors, including Ambani and rival tycoon Gautam Adani, have committed tens of billions of dollars to green hydrogen. The fuel is viewed as essential to decarbonizing difficult-to-abate businesses like steel mills and oil refineries, helping to achieve global targets to eliminate emissions and combat global warming. It is created by splitting water with the use of clean energy sources like wind power.

    Maheshwari claimed that by compelling some sectors to buy the fuel, a move the government is now debating, India can provide clarity about policies and aid in the development of a market for green hydrogen.

    Ambani stated last year that Reliance would pursue an aggressive goal to manufacture green hydrogen at a cost of $1 per kilogramme by the end of this decade. The cost to produce the fuel in India at the time ranged from $2.22 to $4.62 per kilogramme.

    As their fossil fuel-driven empires transition away from oil and coal, Ambani and Adani have committed more than $140 billion in green projects. The two business moguls support the government's goal of making India the world's leading producer and exporter of green hydrogen, which is at the centre of this transformation.



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