A Real Great News: Will it materialise with total R&D support to remain the most efficient? Billionaire Mukesh Ambani on Thursday announced in its annual General meeting, ‘a Rs 75,000 crore investment in setting up four ‘Giga’ factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years. Addressing the company’s annual shareholder meeting, he said Reliance will set up 100 GW of solar power generating capacity, mostly through rooftop installations and de-centrali\sed operations in villages. Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making factory and an electrolyser unit to produce green hydrogen as a part of the business.
A Future Plan of Reliance Industries
have started work on developing the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar.
It will be amongst the largest such integrated renewable energy manufacturing facilities in the world. Jamnagar was the CRADLE OF OUR OLD ENERGY BUSINESS. Jamnagar will also be the CRADLE OF OUR NEW ENERGY BUSINESS. Allow me to take you through our 3-part plan.
The first part of our plan is to build Four Giga Factories.
These will manufacture and fully integrate all the critical components of the New Energy ecosystem. One, for the production of solar energy — we will build an integrated solar photovoltaic module factory.
Two, for the storage of intermittent energy — we will build an advanced energy storage battery factory. Three, for the production of green hydrogen — we will build an electrolyser factory.
Four, for converting hydrogen into motive and stationary power – we will build a fuel cell factory.
Over the next 3 years we will invest over 60,000 crore rupees in these initiatives. Reliance will thus create and offer a fully integrated, end-to-end renewables energy ecosystem.
explain each of these facilities in some more detail.
Our first Integrated Solar Photovoltaic Giga Factory will create solar energy. We will start with raw silica and convert this to poly silicon which we will then convert to ingot and wafers. These wafers would be used to make high efficiency solar cells and finally assembled into solar modules of highest quality and durability.
We will target to achieve costs that are lowest in the world to ensure affordability of our solar modules. We are highly inspired by the goal set by our Prime Minister Shri Narendra Modiji for India to achieve 450GW of renewable energy capacity by 2030.
Out of this, I am pleased to announce today, that Reliance will establish and enable at least 100GW of solar energy by 2030. A significant part of this will come from rooftop solar and decentralised solar installations in villages. These will bring enormous benefits and prosperity to rural India.
Solar energy is available only during the day, while power is needed round the clock. Therefore, storage is an important piece of the puzzle to solve. For this, we will launch our second initiative — an Advanced Energy Storage Giga Factory.
We are exploring new and advanced electro chemical technologies that can be used for such large-scale grid batteries to store the energy that we will create.
We will collaborate with global leaders in battery technology to achieve the highest reliability for round-the-clock power availability through a combination of generation, storage, and grid connectivity.
Besides Electricity, Green Hydrogen will be a unique energy vector that can enable deep decarbonization of many sectors such as transportation, industry and power. One of the most common methods of generating Green Hydrogen is by electrolysis of pure water through Electrolysers.
This brings me to our third initiative — an Electrolyser Giga Factory to manufacture modular electrolysers of highest efficiency and lowest capital cost. These can be used for captive production of green hydrogen for domestic use as well as for global sale.
And, finally, our fourth initiative will be the Fuel Cell Giga Factory. A Fuel Cell uses Oxygen from the air and Hydrogen, to generate electricity. The only emission of this process is non-polluting water vapour.
In the new era, Fuel Cells will progressively replace internal combustion engines. Fuel Cell engines can power automobiles, trucks and buses.They can also be used in stationary applications for powering data centres, telecom towers, emergency generators and micro grids and industrial equipment.
Plan for providing infrastructure and materials to support the four Giga factories:
Reliance will put Gujarat and India on world solar and hydrogen map.
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Read the full address: It is worthwhile to know about a company that is globally competitive, and its target is to be the best. I wish some top business houses come out such a big future plan that it executed timely over the years of their existence. Jamnagar of Gujarat must one day may be named after some clan of Ambani’s… https://www.cnbctv18.com/business/companies/reliance-agm-2021-heres-the-full-text-of-chairman-mukesh-ambanis-speech-9768391.htm