Mukesh Ambani, the Chairman and Managing Director of Reliance Industries (RIL), announced at the recent Annual General Meeting (AGM) that RIL was aiming to accelerate and enable the installation of a minimum of 100 GW of renewable energy generation by 2030.
He stated that the company was focusing on expediting its progress towards achieving Net Carbon Zero by 2035. According to Ambani, this approach would lead to a reduction in energy expenses and enhanced profitability for the O2C business.
In order to realise this objective, the company was making satisfactory advancements in deploying the committed capital of Rs 750 billion to establish its new energy manufacturing ecosystem. A crucial element of Reliance's green energy initiative was the rapid implementation of the Dhirubhai Ambani Green Energy Giga Manufacturing Complex at Jamnagar.
Ambani assured that the facility would be introduced in phases by the conclusion of 2025. The facility would be responsible for the production of various components including PV modules, cells, wafers, polysilicon, and glass.
Ambani's speech also highlighted the company's entry into the realm of large-scale carbon fiber manufacturing, which would aid in the development of a cost-effective wind power generation infrastructure.
He emphasised that the primary project on the agenda was the establishment of a battery giga factory by 2026. This facility would be engaged in the manufacturing of battery chemicals, cells, and packs. Furthermore, the company aimed to bring sodium-ion battery technology into the commercial sphere and demonstrate the integration of energy storage with wind and solar power generation on a megawatt scale in Jamnagar by 2025. Subsequently, there were plans to swiftly expand this to a giga scale.
Touching on the subject of Green Hydrogen, Ambani informed the shareholders that they could now confidently outline the path toward achieving their targeted cost for electrolysers, and subsequently, Green Hydrogen. There were also plans for a fully integrated and automated giga-scale electrolyser manufacturing facility. This aligns with Reliance's overarching objective of achieving large-scale Green Hydrogen production at Jamnagar.
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