Reliance looks for new technologies to make cheaper green hydrogen

27 Jun 2022 CW Team

Reliance Industries Limited, controlled by Mukesh Ambani, is assessing new technologies to make electrolysers in an effort to produce low-cost green hydrogen in India.

Forming a part of the push, Reliance also plans to bid for production-linked incentives the government has to offer to encourage the technology.

In February PM Narendra Modi’s government unveiled the first phase of their green hydrogen policy, to offer a range of incentives for companies to establish projects. As the country considers offering more “sweeteners” for its producers.

Green hydrogen has grabbed billions of dollars in investment commitments from investors, which includes Mukesh Ambani and Gautam Adani. The fuel is produced by splitting water using clean energy like wind power, and is seen as critical to decarbonising hard-to-abate industries like oil refineries and steel mills, to help meet global targets to zero out emissions as well as fight global warming.

Maheshwari said the country needs to provide certainty regarding policies and help set up a market for green hydrogen by requiring a few industries to purchase the fuel, a step already being discussed by the government.

Reliance would pursue an aggressive target for the production of green hydrogen at $ 1 per kg by the end of this decade, as business tycoon Ambani said last year.

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Also read: Can we use renewable energy to power a construction site?

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