Reliance Industries Ltd (RIL), under the guidance of Mukesh Ambani, is set to transform the clean energy landscape. According to the company’s FY24 annual report, RIL’s ambitious new energy vertical aims to make clean energy accessible and affordable for all.
Focus on Sodium-ion Battery Technology
One of the critical areas of focus for Reliance is the commercialization of Sodium-ion Battery technology. By 2025, the company plans to industrialize sodium-ion cell production at a megawatt level. This endeavor is expected to transition quickly to a giga scale, enhancing the overall energy infrastructure.
Carbon Capture and Recycling
Reliance is actively exploring technologies to capture and recycle carbon to support its goal of achieving Net Carbon Zero by 2035. Mukesh Ambani highlighted that the Dhirubhai Ambani Green Energy Giga Complex, located in Jamnagar, is making substantial progress. This complex aims to be one of the largest end-to-end renewable energy manufacturing facilities globally.
Optimizing Renewable Energy Generation
To maximize the generation of renewable energy (RE) at an optimal cost, Reliance aims to set up integrated RE plants with optimal configurations. The company plans to leverage Green Hydrogen (GH2), Green Chemicals, and Energy Storage to increase value addition. Strategic global partnerships, technological innovations, and supply chain optimization also play pivotal roles in this strategy.
Key Milestones and Goals
Reliance’s annual report outlines several noteworthy milestones and future goals. Among them:
- By 2025, the company will establish 20GW of solar capacity for round-the-clock power and Green Hydrogen needs.
- By 2026, the Jamnagar PV factory will be scaled up to 20GW in phases, and a comprehensive battery giga factory will be ready.
- By 2027, the cell-to-pack manufacturing facility will expand to 50GWh per annum.
- By 2030, RIL aims to establish 100GW of renewable energy capacity.
Further Developments
Additional highlights include the commencement of work on a renewable energy generation complex in Gujarat, positioning RIL to become India’s largest RE Developer. The company signed a Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for 128 MW for a duration of 25 years. Furthermore, a pilot line with a capacity of 50 MWh per year for Li Battery cell manufacturing has been established.
Green Hydrogen Initiatives
Reliance’s transition from Grey Hydrogen to Green Hydrogen is facilitated by reducing the cost of renewable power generation and the installed cost of electrolysers. As part of this shift, the company signed an MoU with the Maharashtra government for 100 kTPA GH2 production, with a projected investment of around ₹15,000 crore and the creation of approximately 4,000 jobs, both direct and indirect.
Conclusion
Reliance Industries’ comprehensive approach to expanding its clean energy initiatives signifies a pivotal move towards sustainable development. The integration of cutting-edge technologies and strategic partnerships will likely play a crucial role in achieving the ambitious targets set by the company. Mukesh Ambani’s vision reflects a significant commitment to transforming the energy landscape and making clean energy more accessible and affordable to everyone.
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