Reliance Industries (RIL) is putting the groundwork in place for the distribution of green hydrogen from its projected Gujarat facility as it gets ready to start producing the fuel by 2025, according to news reports.
According to them, the business is partnering with original equipment manufacturers (OEMs) to supply green hydrogen and establishing the framework to sell it through its Jio-BP shops. The company has secured 74,750 hectares of land parcel in Gujarat on a 40-year lease for its green hydrogen project.
An industry official who talked to ET said, ‘RIL is setting up a green hydrogen dispensation infrastructure.’ The corporation wants to produce green hydrogen by 2025, and when that time comes, it will need to have a prepared infrastructure for off-take. RIL will take additional actions like this in the future.
The company, led by Mukesh Ambani, is spending $10 billion on capital expenditures to create a new energy environment. It has partnered with original equipment manufacturers (OEMs) over the past seven months to provide green hydrogen.
The first hydrogen internal combustion engine (H2ICE) technological solution for heavy-duty vehicles was revealed in India in February by RIL and Ashok Leyland.
Later that month, RIL launched a hydrogen bus alongside Olectra Greentech, a division of Megha Engineering and Infrastructures (MEIL). Within a year, Olectra Greentech hopes to put these buses on the market.
The first intercity luxury concept coach powered by hydrogen fuel cell technology was created by RIL and Bharat Benz in July.
A combustion engine known as an H2ICE burns hydrogen or a blend of hydrogen and diesel fuel. With this engine, there is no need to modify the power train or the assembly of any of the parts that propel your vehicle into motion, which is a benefit. Therefore, it is possible to convert vehicles to hydrogen vehicles using the current power train with a few modest modifications.
Green hydrogen will also be sold by RIL through its Jio-BP retail locations. The company currently has about 1,500 retail locations, and it wants to grow that number to 5,000.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.