RIL aims at 100 GW renewable energy

New Delhi, September 3

Reliance Industries (RIL) will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said on Friday as he outlined a ‘1-1-1 vision’ to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade.

Unveils ‘1-1-1 vision’

• RIL chairman Mukesh Ambani outlined a ‘1-1-1 vision’ to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade
• The energy generated from renewable sources will help cut carbon emissions
• The same energy, when converted into green hydrogen, can replace petrol and diesel in automobiles and other fuels in the industry

Speaking at the International Climate Summit 2021, Ambani said Reliance will pursue the target of bringing down the cost of making green hydrogen to under $2 per kg initially and ultimately to bring it down to under $1 per kg in a decade.

With abundant sunlight, India can generate over 1,000 GW of solar energy on just 0.5% of landmass, he said. “Green Hydrogen is the best and cleanest source of energy, which can play a fundamental role in the world’s decarbonisation plans,” he added.— PTI