Reliance Industries and Nel ASA Collaborate for Green Hydrogen in India
Key Ideas
  • Reliance Industries partners with Nel ASA to produce green hydrogen in India as part of Mukesh Ambani's renewable energy investment plan.
  • The collaboration aims to support India's goal of achieving 500GW of installed renewable energy by 2030, with a focus on solar energy.
  • Reliance's commitment to becoming a net zero carbon emission company by 2035 aligns with the global shift towards sustainable energy solutions.
  • The agreement between Reliance and Nel ASA includes technology transfer, manufacturing of electrolysers, and future collaborations for performance improvements.
Reliance Industries, headed by billionaire Mukesh Ambani, has entered into a partnership with Norway's Nel ASA to venture into the production of green hydrogen in India. The collaboration includes an exclusive license for Nel's alkaline electrolysers, enabling Reliance to manufacture these systems both in India and globally for its green energy projects. Mukesh Ambani's ambitious plan to invest $75 billion in renewables infrastructure by 2022 includes a focus on generation plants, solar panels, and electrolysers essential for green hydrogen production. This move signifies Reliance's commitment to transitioning towards sustainable practices and reducing carbon emissions. The agreement aims to support India's target of achieving 500GW of renewable energy capacity by 2030, with solar energy expected to play a significant role. Reliance's goal of reaching net zero carbon emissions by 2035, ahead of many other energy companies in the region, demonstrates a proactive approach towards environmental responsibility. Through this collaboration, both Reliance and Nel ASA plan to work on enhancing performance, reducing costs, and driving innovation in green hydrogen technology through research and development initiatives. The joint efforts are set to contribute to the growth of the green energy market in India and globally, highlighting a significant step towards sustainable energy production and consumption.
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