Billionaire Mukesh Ambani’s Reliance Industries Ltd plans to transform its energy business with an over-arching strategy to offer decarbonisation solutions globally at a competitive price in a market potentially worth USD 5 trillion by 2030, Morgan Stanley said.
Over the next few decades, the world will need to fundamentally retool the way it produces and consumes energy.
Reliance is embracing the change and investing to provide green infrastructure solutions to power this change, via silicon and hydrogen — a USD 60 billion value creation opportunity, Morgan Stanley said in a report.
“The strategy is to provide supporting infrastructure in areas of hydrogen, integrated solar PV and grid batteries — all areas with high entry barriers, technological advances and good returns,” it said.
