Reliance Industries is expected to become a disruptor in the sector, because it is expected to go big on green energy. It is likely that it will take a page or two out of its Jio strategy. In the annual report by Reliance Industries, Mukesh Ambani stated that India will have the world's most affordable green energy in the coming years.
He said that the company pulled off with Jio because of the fact that these solutions will be exported to other countries, helping them contain carbon emissions.
Ambani said that RIL will use its world-class execution capability and strong debt-free balance sheet to improve the economics of the green environment to compete with fossil fuels. One can't operate in just one segment of the Green Energy value chain and hope that the cost-efficient ecosystem will come up on its own. Reliance has taken the initiative to enable the entire Green Energy ecosystem in India starting with solar power generation, to the production of green hydrogen to its distribution and consumption, he added.
The company also joined together with US-based Chart Industries to set up India H 2 Alliance to commercialise hydrogen technology, and entered into an agreement with Denmark s Stiesdal A S for its innovative next-gen electrolyser technology.
Ambani said that work on the four Giga-factories at Dhirubhai Ambani Ambani Green Energy Giga Complex has begun.
He believes that more affordability and competitive cost structures will ensure the adoption of Green Energy solutions, which will be a booster to India's Green Energy transition, as well as helping our country become Atma Nirbhar in our energy needs.
The ponds have been operating without any failure for more than four years. No other organisation in the world has been able to cultivate algae without any crashes or significant downtime. Reliance has developed all the technology components that will be crucial in converting CO 2 into useful products to combat climate change.
The report said that RIL has developed a catalytic gasification technology that can convert carbonaceous feedstocks such as petcoke, coal, biomass into hydrogen and syngas. It said that the novel catalytic process can be used to convert challenging feedstocks like high-ash Indian coal and agricultural residue into hydrogen or syngas.