What Is Mukesh Ambani's 1-1-1 Target For Green Hydrogen? Know All About It

Reliance is banking on Green Hydrogen in a big way to shape its renewables plans.

Mubai: Reliance Industries (RIL) chairman Mukesh Ambani on Friday set 1-1-1 target for Green Hydrogen in India, meaning India to become the first country in the world to produce Green Hydrogen at less than $1 per kilogram in a decade.

"Efforts are on globally to make Green Hydrogen 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. And India has always set and achieved even more audacious goals. I am sure that India can set 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 kilogram in 1 decade – the 1-1-1 target for Green Hydrogen," said billionaire Ambani while addressing the International Climate Summit 2021.

Prime Minister Narendra Modi has set the goal to reach 450GW of renewable energy capacity by 2030. Out of this, Reliance has committed to establish and enable at least 100GW of solar energy by 2030, leading to a pan-India network of kilowatt and megawatt-scale solar energy producers who can produce Green Hydrogen for local consumption.

"This will bring enormous benefits and prosperity to rural India. India has achieved several goals that seemed impossible over the years. I am sure this 1-1-1 target for Green Hydrogen will also be achieved by our talented young entrepreneurs, researchers and innovators," said Ambani, who has committed $10 billion investments in renewables during RIL's AGM.

RIL has started developing the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar to be among the world's largest integrated renewable energy manufacturing facilities with an investment of Rs 75,000 crore in the next three years.

This complex will have four Giga Factories, which cover the entire spectrum of renewable energy, including an integrated solar photovoltaic module factory, advanced energy storage battery factory, electrolyzer factory for the production of Green Hydrogen, and a fuel cell factory for converting hydrogen into motive and stationary power.

The rapid fall in the cost of production has made solar energy highly competitive, attracting large-scale investments.

According to Mr. Ambani, this shall play a key role in ensuring similar growth trends in “Green Hydrogen” – the future replacement of fossil fuels. Green Hydrogen is zero-carbon energy, the best and cleanest source of energy, which can play a fundamental role in the world’s decarbonization plans.

"Green hydrogen is key to our ever green, sustainable and prosperous future of everyone on the planet. Hydrogen has high gravimetric energy density and can be reconverted into electricity and heat with zero emissions. Although the costs of hydrogen from electrolysis today are high, they are expected to fall significantly in the coming years. New technologies are emerging for hydrogen storage and transportation, which will dramatically reduce the cost of distribution. Furthermore, the Government of India is planning to create an enabling Green Hydrogen eco-system in the country.Because of all these developments, Green Hydrogen will surely attract significant investments," said Mr. Ambani.

India meets most of its present energy demand by imported fossil fuels costing it $160 billion every year. Although India’s per capita energy consumption and emissions are less than half the global average, India is the world’s third-largest emitter of greenhouse gases.