Reliance looks for new technologies to make cheaper green hydrogen
POWER & RENEWABLE ENERGY

Reliance looks for new technologies to make cheaper green hydrogen

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.

Image Source

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

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

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?