Jio Financial Services would provide simple choices to substitute conventional fuels with reasonably priced green hydrogen

7 Aug 2023 , 10:31 AM

As a feasible substitute for conventional fuels, Reliance Industries Limited (RIL) plans to offer affordable green hydrogen, according to Chairman Mukesh Ambani, who made the announcement in RIL’s integrated annual report 2022–23, which was made public on Sunday.

‘A fundamental component of our decarbonization goal is a shift to cleaner energy sources. We have made great progress toward building a top-notch solar energy value chain.In his address to shareholders, Ambani stated that his company’s objective was to make green hydrogen accessible and affordable as a viable substitute for conventional fuels.

One of the biggest producers of grey hydrogen on the planet is Reliance. To save costs and commercialize its Pressurized Alkaline Electrolyser technology, the company has teamed with Denmark’s Stiesdal A/S.

Ambani continued, ‘This will open the door for swift decarbonization and the commercialization of reasonably priced green hydrogen – a critical enabler in realizing India’s green energy revolution.

On August 28, Reliance will host its annual shareholders meeting.

The burning of torrefied biomass in gasifiers during the year allowed RIL to manufacture its first ever green hydrogen. According to the company’s annual report, biomass fire at its petrochemical sites climbed to 11% of total feed in keeping with the company’s decarbonization goals.

We are on schedule to create a world-class, self-sufficient green energy ecosystem, given the combined capacity of our five giga plants.

By 2030, RIL wants to install and make 100GW of solar energy available. RIL, according to Ambani, understands the importance of tackling the problems brought on by climate change and is confident that its new energy initiatives will help the world community reduce the rise in average temperatures.

The business claimed to be in discussions with other top electrolyser technology firms about opening a Giga-scale electrolyser manufacturing factory in Jamnagar. In order to complement its partner’s technological innovation in stack manufacturing and enable the delivery of Green Hydrogen at the lowest cost, Reliance will use its complementary skills in engineering, operations, seawater desalination, digital twin expertise, and indigenous balance of plants.

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