Reliance on the lookout for inexpensive green hydrogen technologies

Reliance Industries targets to produce green hydrogen at $1 per kilogram by the end of this decade. For this the Indian company is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.

As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage.

The Indian government unveiled the first phase of its green hydrogen policy in February, offering a range of incentives for companies to set up projects.

To push this policy forward, India is considering offering more “sweeteners” for producers, Power and Renewable Energy.

At the time, the cost of producing the fuel was between $2.22 and $4.62 a kilogram in India.

Ambani and Adani have pledged more than $140 billion in green investments, as their fossil fuel-driven empires pivot away from oil and coal.

Green hydrogen is central to this shift, as the two tycoons champion the government’s ambition to make India a global leader for production and exports of this fuel.