Mukesh Ambani sees green hydrogen costs coming down to $1 per kg in 10 yrs

Mukesh Ambani, Chairman and Managing Director of Reliance Industries (RIL), on Friday said India can be the first country to bring down the cost of green hydrogen to $1 per kg within a decade, reiterating the company’s push towards alternate energy.

Addressing the International Climate Summit 2021, he said, “Efforts are on globally to make green hydrogen the most affordable fuel option by bringing down its cost to initially under $2 per kg. Let me assure you all that Reliance will aggressively pursue this target and achieve it well before the turn of this decade.” He added that India can set an even more aggressive target of achieving under $1 per kg within a decade. ‘’This will make India the first country globally to achieve $1 per 1 kg in 1 decade – the 1-1-1 target for green hydrogen,” he added.