Reliance Industries will by 2030 create or allow capability to generate at the very least 100 gigawatts of electrical energy from renewable sources, which could be transformed into carbon-free inexperienced hydrogen, its chairman Mukesh Ambani stated Friday as he outlined a 1-1-1 imaginative and prescient to deliver down the price of hydrogen to underneath USD 1 per 1 kg in 1 decade.
The give attention to producing electrical energy from renewable sources of power corresponding to photo voltaic and wind -will assist lower carbon emissions on the planet’s third-largest greenhouse gasoline emitter.
The similar electrical energy, when transformed into inexperienced hydrogen, can substitute petrol and diesel in cars and different fuels within the business, serving to lower down on the usage of fossil fuels, carbon emissions and cut back import dependence.
Speaking on the International Climate Summit 2021, India’s richest man stated Reliance will pursue the goal of bringing down the price of making inexperienced hydrogen to underneath USD 2 per kg initially and in the end to deliver it all the way down to underneath USD 1 per kg in a decade.
Green hydrogen produced with renewable assets prices between about USD 3 per kg and USD 6.55 a kg.
With considerable daylight, India can generate over 1,000 GW of photo voltaic power on simply 0.5 per cent of landmass, he stated, including that the nation has already achieved the 100 GW of put in renewable power capability and the goal of 175 GW by December 2022 is now properly within reach.
Further, the nation is focusing on 450 GW of renewable power by 2030.
“Green Hydrogen is zero-carbon energy. It is the best and cleanest source of energy, which can play a fundamental role in the world’s decarbonisation plans,” he stated.
Hydrogen is the most recent buzz for assembly the world’s power wants. Being the cleanest type of power, it may be produced from a wide range of assets, corresponding to pure gasoline, biomass, and renewable energy like photo voltaic and wind. It can be utilized in vehicles, in homes, for transportable energy and in lots of extra functions.
Green hydrogen is derived from water electrolysis utilizing renewable power corresponding to photo voltaic or wind.
Ambani stated hydrogen has a excessive gravimetric power density and could be reconverted into electrical energy and warmth with zero emissions.
“Although the costs of hydrogen from electrolysis today are high, they are expected to fall significantly in the coming years. New technologies are emerging for hydrogen storage and transportation, which will dramatically reduce the cost of distribution,” he stated.
He stated efforts are on globally to make inexperienced hydrogen most inexpensive gasoline possibility by bringing down its price to initially underneath USD 2 per kg.
“Let me assure you all that Reliance will aggressively pursue this target and achieve it well before the turn of this decade,” he stated. “I am sure that India can set even more aggressive target of achieving under USD 1 per kg within a decade.”
This, in accordance with him, will make India the primary nation globally to attain USD 1 per 1 kilogram in 1 decade – the 1-1-1 goal for inexperienced hydrogen.
Calling local weather change probably the most daunting problem going through human civilisation that may threaten the very existence of life on the planet if uncontrolled, Ambani stated the one possibility is speedy transition to a brand new period of inexperienced, clear and renewable power.
India, he stated, is set to attain “azadi” (independence) from dependence on fossil power and turn out to be “aatmanirbhar” (self-reliant) in new and renewal power.
India spends USD 160 billion yearly on import oil and gasoline to satisfy its power wants. And its power wants will solely develop.
“Although India’s per capita energy consumption and emissions are less than half the global average, we are the world’s third-largest emitter of greenhouse gases,” he stated. “Because climate change is a global problem, the clean energy transition calls for the widest possible global cooperation in technology development, investments and fair market access.”
Outlining the oil-to-telecom conglomerate’s clear power plans, he stated Reliance has already began growing the inexperienced power complicated in Jamnagar in Gujarat with an funding of Rs 75,000 crore.
“Last yr, I had introduced our bold dedication to make Reliance a internet carbon zero firm by 2035. This yr, I introduced our technique and roadmap for the brand new power enterprise, which would be the subsequent large ‘value creation engine’ for Reliance and India.
“We have started developing the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar. It will be amongst the largest integrated renewable energy manufacturing facilities in the world. This complex will have four Giga Factories, which cover the entire spectrum of renewable energy,” he stated.
The 4 Giga factories will embody an built-in photo voltaic photovoltaic module manufacturing unit, a sophisticated power storage battery manufacturing unit, an electrolyser manufacturing unit for the manufacturing of Green Hydrogen, and a gasoline cell manufacturing unit for changing hydrogen into motive and stationary energy.
“Over the next three years, we will invest Rs 75,000 crore in these initiatives. Reliance will thus create and offer a fully integrated, end-to-end renewables energy ecosystem to India and Indians,” he stated. Prime Minister Narendra Modi has set the aim to succeed in 450 GW of renewable power capability by 2030. Out of this, Reliance will set up and allow at the very least 100 GW of photo voltaic power by 2030, he said.
This, he stated, will create a pan-India community of kilowatt and megawatt-scale photo voltaic power producers who can produce inexperienced hydrogen for native consumption.
