New Delhi, August 7, 2023: In a significant move towards sustainable energy solutions, Reliance Industries Limited (RIL) Chairman, Mukesh Ambani, has revealed the company’s ambitious green hydrogen vision in its FY23 annual report. The report emphasizes RIL’s dedication to providing affordable green hydrogen as a viable alternative to conventional fuels. This commitment is aligned with RIL’s overarching decarbonization strategy, which aims to combat climate change and promote cleaner energy sources.
Throughout the fiscal year 2022-23, RIL’s teams worked tirelessly to develop sustainable solutions, culminating in the achievement of their first-ever green hydrogen production. This milestone was reached through the use of torrefied biomass in gasifiers.
Ambani highlighted the urgency of transitioning to cleaner energy sources and stressed the importance of creating a green hydrogen ecosystem. RIL is swiftly progressing in establishing a world-class solar energy value chain and aims to offer accessible green hydrogen as a competitive alternative to traditional fuels.
RIL is committed to achieving net carbon neutrality by 2035 and is actively advancing the development of giga-factories at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. These giga-factories are poised to contribute to the creation of a self-sufficient green energy ecosystem.
To maximize the value of its new energy initiatives, RIL is leveraging the expertise of global partners. The company believes that its efforts in the renewable energy sector will play a pivotal role in mitigating the global rise in average temperatures due to climate change.
As part of its objectives, RIL aims to enhance the efficiency of Heterojunction Technology (HJT) modules to 26% by 2026, further improving it to 28% through innovations like perovskite-tandem cell technology at its Solar Photovoltaic Giga Factory. Additionally, RIL plans to extend the lifespan of PV modules from 25 to 50 years. The company’s 10 GW solar PV cell and module factory in Jamnagar, utilizing REC technology, is set to commence production by 2024, with plans to scale up to 20 GW annual capacity by 2026.
In the field of energy storage, RIL aims to initiate the production of battery packs at its advanced energy storage giga factory, gradually scaling 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.
RIL’s comprehensive approach also includes transitioning from grey to green hydrogen progressively by 2025, subject to meeting cost and performance targets. The company also plans to establish a giga factory for fuel cells, which will gradually replace internal combustion engines in various applications.
With a strong focus on power electronics and software systems, RIL is investing in the power electronics giga factor. This initiative is closely integrated with the company’s existing strengths in telecommunications, cloud computing, and IoT platforms, presenting a holistic strategy for developing new energy solutions.
