Reliance Industries Ltd. (RIL) is embarking on a significant green energy initiative in Jamnagar, India, with the launch of pilot projects for solar and battery storage. As part of their new energy business, RIL is investing over $10 billion in a 5,000-acre complex, with plans to start production of 9.6 GW solar modules later this year. The company has shown substantial progress in the green energy sector, considering renewables and hydrogen as potential growth drivers alongside retail and digital ventures. RIL's green energy ecosystem includes integrated solar modules, battery storage systems, and electrolysers for green hydrogen production, eventually converting it into electricity using fuel cells. By making strategic acquisitions totaling around $1.5 billion and securing land for green hydrogen operations, such as 74,750 hectares from the Gujarat government and acquiring plots for green hydrogen and ammonia units, RIL is solidifying its position in the renewable energy market. Participation in schemes like the Production-Linked Incentives (PLI) for manufacturing Advanced Chemistry Cells further demonstrates RIL's commitment to green energy. Nuvama Research estimates RIL's new energy business to be valued at $20 billion by FY26, representing 12% of the company's total valuation.