Mumbai, Maharashtra
Reliance Industries is planning to start production of batteries and set up hydrogen fuel cell plants in India. Mukesh Ambani, Chairman, Reliance Industries Limited (RIL), has made a statement about creating batteries and developing hydrogen fuel cell plants in India. The company earmarked 5,000 acres of land in Jamnagar, Gujarat for developing the Dhirubhai Ambani Green Energy Giga Complex as one of the largest integrated renewable energy manufacturing facilities in the world. Reliance will invest Rs 750 billion over three years.
The company will also develop a green hydrogen-making electrolyser, solar photovoltaic module factories and other self-sustainable energy resources. There will be four Giga factories in total.
The announcements from Reliance Industries fall in line with the Indian government’s strategy to actively pursue renewable sources of energy. While the central government has announced fresh packages for EV adoption under the FAME II scheme, state governments have their EV policies as well. They are also pushing for hydrogen fuel cell vehicles.
With the announcement from RIL to venture into this space, we can expect the company to get into making EV chargers and setting them up at strategic points around the country. This will make access to EVs easier for the general public. Even the exuberant cost involved to buy an EV due to the battery pack’s high price might come down due to local production and procurement.
Reliance aims to employ a huge number of individuals through this New Energy Business. The company will also create two divisions – Renewable Energy Project Management and Construction Division and Renewable Energy Project Finance Division. There is also a plan to harness 100GW of solar energy by the year 2030.
Source – Express Drives
Image Source: Pixabay
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