Goal is to provide affordable green hydrogen as alternative to traditional fuels; Jio Financial Services to offer simple solutions, says Mukesh Ambani

economictimes.indiatimes.com:

Reliance Industries Limited (RIL) aims to provide affordable green hydrogen as a viable alternative to traditional fuels, said Chairman Mukesh Ambani in Ambani in RIL's integrated annual report 2022-23 released on Sunday. «A switch to cleaner energy sources is key to our decarbonisation strategy. We are making significant strides in establishing a world class solar energy value chain...Our goal is to provide affordable green hydrogen as a viable alternative to traditional fuels,» Ambani said in his address to shareholders.Reliance is among the largest global producers of grey hydrogen.

The company has partnered with Denmark’s Stiesdal A/S to reduce costs and commercialise their Pressurised Alkaline Electrolyser technology. «This will pave the way for rapid decarbonisation and commercialisation of affordable Green Hydrogen – a key enabler in achieving India’s green energy transition,» Ambani added. Reliance will hold its annual shareholders’ meeting on Aug.

28. During the year, RIL produced its first ever green hydrogen with firing of torrefied biomass in gasifiers. Biomass firing at its petrochemical sites increased to 11% of total feed in line with the company's decarbonisation efforts, the company said in its annual report.

ET on 3 August reported that RIL is laying down infrastructure for disbursement of green hydrogen from its proposed plant in Gujarat as it prepares to begin production of the fuel by 2025. The company has received 74,750 hectare of land parcel in Gujarat on a 40-year lease for its green hydrogen project. Ambani, who is serving on the Advisory Committee of COP 28 UAE, said the development of giga factories at the Dhirubhai Ambani Green Energy Giga Complex at Jamnagar is progressing rapidly.