New Delhi: Reliance Industries Will generate or enable the capacity to generate at least 100 gigawatts of electricity from renewable sources by 2030, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani On Friday he said he outlined a 1-1-1 approach to reducing the cost of hydrogen to less than $1 per 1 kilogram in a decade.
A focus on generating electricity from renewable sources of energy such as solar and wind will help cut carbon emissions at the world’s third largest greenhouse gas emitter.
The same electricity, when converted to green hydrogen, could replace petrol and diesel in automobiles and other fuels in industry, helping to reduce fossil fuels, cutting carbon emissions and reducing import dependence.
Speaking at the International Climate Summit 2021, India’s richest man said that Reliance will pursue a target of reducing the cost of making green hydrogen to less than $2 per kg initially and eventually reducing it to less than $1 per kg over a decade. .
The cost of green hydrogen produced from renewable resources ranges between about $3 per kilogram and $6.55 per kilogram.
With abundant sunlight, India can generate over 1,000 GW of solar power on just 0.5 per cent of the landmass, he said, adding that the nation has already achieved 100 GW of installed renewable energy capacity and by December 2022 The target is 175 GW. well in sight.
In addition, the nation is targeting 450 GW of renewable energy by 2030.
“Green hydrogen is zero carbon energy. It is the best and cleanest source of energy, which can play a fundamental role in the world’s decarbonization plans,” he said.
Hydrogen is the latest buzzword to meet the world’s energy needs. Being the cleanest form of energy, it can be produced from a variety of resources such as natural gas, biomass, and renewable energy such as solar and wind. It can be used in cars, in homes, for portable power, and in many other applications.
Green hydrogen is obtained from the electrolysis of water using renewable energy such as solar or wind.
Ambani said that hydrogen has a high gravitational energy density and can be converted into electricity and heat with zero emissions.
“Although the costs of hydrogen from electrolysis are high today, they are expected to drop significantly in the coming years. New technologies are emerging for hydrogen storage and transport, which will dramatically reduce the cost of distribution.”
He said that efforts are being made globally to make green hydrogen the most economical fuel option and its cost has been reduced to less than $2 per kg initially.
“I assure all of you that Reliance will aggressively pursue this goal and achieve it before the end of this decade,” he said. “I am sure India can set an even more aggressive target of achieving less than $1 per kg within a decade.”
According to him, this will make India the first country globally to achieve 1-1-1 kg per 1 kg in 1 decade – the 1-1-1 target for green hydrogen.
Describing climate change as the toughest challenge facing human civilization which, if unchecked, could threaten the existence of life on the planet, Ambani said the only option is a rapid transition to a new era of green, clean and renewable energy.
India, he said, is determined to achieve “Azadi” (freedom) from dependence on fossil energy and become “Atmanirbhar” (self-reliant) in new and renewable energy.
India spends $160 billion every year on importing oil and gas to meet its energy needs. And its energy needs will only increase.
“Although India’s per capita energy consumption and emissions are less than half the global average, we are the world’s third largest emitter of greenhouse gases,” he said. “As climate change is a global problem, the clean energy transition calls for the widest possible global cooperation in technology development, investment and fair market access.”
Outlining the clean energy plans of the oil-to-telecom conglomerate, he said Reliance has started development of green energy complex at Jamnagar in Gujarat with an investment of Rs 75,000 crore.
“Last year, I announced my ambitious commitment to make Reliance a net carbon zero company by 2035. This year, I presented my strategy and roadmap for the new energy business, which will be the next big ‘value creation engine’ for Reliance. India will be
“We have started developing the 5,000-acre Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. This will be one of the largest integrated renewable energy manufacturing facilities in the world. The complex will have four giga factories, which will power the entire spectrum of renewable energy. cover,” she said.
The four Giga factories will include an integrated solar photovoltaic module factory, an advanced energy storage battery factory, an electrolyser factory for the production of green hydrogen, and a fuel cell factory for converting hydrogen into motive and stationary power.
“Over the next three years, we will invest Rs 75,000 crore in these initiatives. Reliance will thus build and offer a fully integrated, end-to-end renewable energy ecosystem for India and Indians,” he said.
Prime Minister Narendra Modi has set a target of reaching 450 GW of renewable energy capacity by 2030. Of this, Reliance will install and enable at least 100 GW of solar power by 2030, he said.
This will create a pan-India network of kilowatt and megawatt scale solar power producers that can produce green hydrogen for local consumption, he said.
A focus on generating electricity from renewable sources of energy such as solar and wind will help cut carbon emissions at the world’s third largest greenhouse gas emitter.
The same electricity, when converted to green hydrogen, could replace petrol and diesel in automobiles and other fuels in industry, helping to reduce fossil fuels, cutting carbon emissions and reducing import dependence.
Speaking at the International Climate Summit 2021, India’s richest man said that Reliance will pursue a target of reducing the cost of making green hydrogen to less than $2 per kg initially and eventually reducing it to less than $1 per kg over a decade. .
The cost of green hydrogen produced from renewable resources ranges between about $3 per kilogram and $6.55 per kilogram.
With abundant sunlight, India can generate over 1,000 GW of solar power on just 0.5 per cent of the landmass, he said, adding that the nation has already achieved 100 GW of installed renewable energy capacity and by December 2022 The target is 175 GW. well in sight.
In addition, the nation is targeting 450 GW of renewable energy by 2030.
“Green hydrogen is zero carbon energy. It is the best and cleanest source of energy, which can play a fundamental role in the world’s decarbonization plans,” he said.
Hydrogen is the latest buzzword to meet the world’s energy needs. Being the cleanest form of energy, it can be produced from a variety of resources such as natural gas, biomass, and renewable energy such as solar and wind. It can be used in cars, in homes, for portable power, and in many other applications.
Green hydrogen is obtained from the electrolysis of water using renewable energy such as solar or wind.
Ambani said that hydrogen has a high gravitational energy density and can be converted into electricity and heat with zero emissions.
“Although the costs of hydrogen from electrolysis are high today, they are expected to drop significantly in the coming years. New technologies are emerging for hydrogen storage and transport, which will dramatically reduce the cost of distribution.”
He said that efforts are being made globally to make green hydrogen the most economical fuel option and its cost has been reduced to less than $2 per kg initially.
“I assure all of you that Reliance will aggressively pursue this goal and achieve it before the end of this decade,” he said. “I am sure India can set an even more aggressive target of achieving less than $1 per kg within a decade.”
According to him, this will make India the first country globally to achieve 1-1-1 kg per 1 kg in 1 decade – the 1-1-1 target for green hydrogen.
Describing climate change as the toughest challenge facing human civilization which, if unchecked, could threaten the existence of life on the planet, Ambani said the only option is a rapid transition to a new era of green, clean and renewable energy.
India, he said, is determined to achieve “Azadi” (freedom) from dependence on fossil energy and become “Atmanirbhar” (self-reliant) in new and renewable energy.
India spends $160 billion every year on importing oil and gas to meet its energy needs. And its energy needs will only increase.
“Although India’s per capita energy consumption and emissions are less than half the global average, we are the world’s third largest emitter of greenhouse gases,” he said. “As climate change is a global problem, the clean energy transition calls for the widest possible global cooperation in technology development, investment and fair market access.”
Outlining the clean energy plans of the oil-to-telecom conglomerate, he said Reliance has started development of green energy complex at Jamnagar in Gujarat with an investment of Rs 75,000 crore.
“Last year, I announced my ambitious commitment to make Reliance a net carbon zero company by 2035. This year, I presented my strategy and roadmap for the new energy business, which will be the next big ‘value creation engine’ for Reliance. India will be
“We have started developing the 5,000-acre Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. This will be one of the largest integrated renewable energy manufacturing facilities in the world. The complex will have four giga factories, which will power the entire spectrum of renewable energy. cover,” she said.
The four Giga factories will include an integrated solar photovoltaic module factory, an advanced energy storage battery factory, an electrolyser factory for the production of green hydrogen, and a fuel cell factory for converting hydrogen into motive and stationary power.
“Over the next three years, we will invest Rs 75,000 crore in these initiatives. Reliance will thus build and offer a fully integrated, end-to-end renewable energy ecosystem for India and Indians,” he said.
Prime Minister Narendra Modi has set a target of reaching 450 GW of renewable energy capacity by 2030. Of this, Reliance will install and enable at least 100 GW of solar power by 2030, he said.
This will create a pan-India network of kilowatt and megawatt scale solar power producers that can produce green hydrogen for local consumption, he said.
.