Reliance Industries Chairman Mukesh Ambani Unveils Ambitious Green Hydrogen Vision In FY23 Annual Report

New Delhi, 7th August 2023: Reliance Industries Limited (RIL) Chairman, Mukesh Ambani, highlighted the company’s commitment to offering affordable green hydrogen as a viable alternative to conventional fuels in the FY23 annual report. Throughout the year, RIL’s teams diligently worked on sustainable solutions, culminating in their first-ever green hydrogen production achieved by firing torrefied biomass in gasifiers during 2022-23.

Ambani emphasized the significance of transitioning to cleaner energy sources as a crucial aspect of their decarbonization strategy. RIL is making remarkable progress in establishing a world-class solar energy value chain and developing a green hydrogen ecosystem, with the ultimate objective of providing accessible green hydrogen as a competitive alternative to traditional fuels.

The company is dedicated to achieving net carbon neutrality by 2035 and is swiftly advancing the development of giga-factories at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. Through collective efforts, these giga-factories will contribute to the creation of a self-sufficient green energy ecosystem.

RIL is leveraging the expertise of its global partners to maximize the value derived from its new energy initiatives. Addressing the urgency of climate change, the company believes that its efforts in the renewable energy sector will play a part in limiting the rise in average temperatures worldwide.

As part of its objectives, RIL aims to increase the Heterojunction Technology (HJT) module efficiency to 26 per cent by 2026, and further improve it to 28 per cent through innovations like perovskite-tandem cell technology at its Solar Photovoltaic Giga Factory. Additionally, the company plans to extend the lifespan of PV modules from 25 to 50 years. By 2024, Reliance’s 10 GW solar PV cell and module factory in Jamnagar, utilizing REC technology, will commence production, with plans to scale up to 20 GW annual capacity by 2026.

In the field of energy storage, RIL aims to start production of battery packs at its advanced energy storage giga factory and eventually scale up to a fully integrated 5 GWh annual cell-to-pack manufacturing facility by 2024. Further scaling is envisioned to reach 50 GWh annually by 2027.

Leveraging its diverse skills in engineering, operations, seawater desalination, digital twin expertise, and indigenous balance of plants, RIL will collaborate with partners to deliver Green Hydrogen at the lowest cost from its electrolyser giga factory. The company plans to transition from grey to green hydrogen progressively by 2025 after meeting cost and performance targets.

Reliance also intends to set up a giga factory for fuel cells, which will gradually replace internal combustion engines in various applications, including vehicles like cars, trucks, and buses, as well as stationary power needs like data centres, telecom towers, emergency generators, microgrids, and industrial equipment.

To complement these initiatives, RIL is developing significant capabilities in designing and manufacturing power electronics and software systems through its investment in the power electronics giga factor. This initiative is integrated with the company’s existing strengths in telecommunications, cloud computing, and IoT platforms, providing a comprehensive approach to developing new energy solutions.