Clean hydrogen: Reliance Industries bets big on green energy

Stating that Reliance Industries (RIL) “will aggressively pursue” the target of bringing down the cost of green hydrogen to under $2 per kg “well before the turn of this decade”, chairman Mukesh Ambani said on Friday “India can set an even more aggressive target of achieving under $1 per kg within a decade”.

Currently, the production cost of green hydrogen is around $3.6-5.8/kg, according to a report by Council on Energy, Environment and Water. The planned reduction in production cost of the benign source of energy could help the country cut its burdensome oil import bill and have a salutary effect on the current account.