New Energy - Business Brochure - Oct2022
New Energy - Business Brochure - Oct2022
ABOUT THE
COLLECTIVE FUTURE
OF HUMANITY AND
OUR PLANET
Maker Chambers IV, Nariman Point, Mumbai 400 021. India / www.ril.com
Pictures/photographs shown in this brochure are for representation purpose only. Unless expressly specified,
Reliance Group neither claims any intellectual property rights nor will be responsible for any infringement action.
Mukesh D. Ambani
Chairman & Managing Director
Reliance Industries Limited
THE STORY OF RELIANCE RELIANCE NEW ENERGY
The story of Reliance is the powerful and inspirational story that began witha man “We have a 15-year vision to build Reliance It is also an opportunity to make clean and
who had a daring vision and whose legacy now energizes the lives of billions of Indians. as one of the world's leading New Energy and green energy abundantly available at
New Materials company. an affordable price to every Indian, every
The pioneering spirit of Founder-Chairman Dhirubhai Ambani continues to animate Indian enterprise, and every Indian utility.
the heart and soul of the Reliance family – under the current leadership of Chairman The New Energy business based on the
and Managing Director Mukesh D. Ambani. principle of Carbon Recycle and Circular More than a business, this is our seva
Economy is a multi-trillion opportunity for to save Planet Earth from the ravages
Today, Reliance Industries Limited is a US$ 104.6 billion, Fortune Global 500 company, India and the world. of climate change.”
and India’s largest private sector enterprise, with operations across energy and new
aterials, retail, digital services, media and entertainment, and much more. Mukesh D. Ambani
Chairman & Managing Director, RIL
at the 43rd AGM, 2020
“Reliance is the place for those who dare to tackle the seemingly impossible
challenges of our society and invent solutions that overcome them.”
Mukesh D. Ambani
Chairman & Managing Director
Reliance Industries Limited
Reliance has set itself on an ambitious plan As a company always focused on growing
to become net carbon zero by 2035. businesses of the future, Reliance will
provide leadership on the combined
Our New Energy business will be far more strength of our balance-sheet, talent,
ambitious, far more transformational, and technology and proven project execution
far more global in scope than anything capabilities.
Reliance has ever done before.
Reliance will make its New Energy business
We firmly believe that as one of the biggest a truly global business.
energy markets in the world, India will play
a leading role in transforming the global
energy landscape.
FIVE GIGA FACTORIES FOR NEW ENERGY
We have already started work on constructing the Dhirubhai Ambani Green Energy Giga
Complex over 5,000 acres in Jamnagar, Gujarat, India. It will be amongst the largest such
RENEWABLE ENERGY ECOSYSTEM These giga factories will manufacture and fully integrate all the critical components of the
New Energy ecosystem.
We are well on our way to creating a manufacturing ecosystem, which will be fully
• One, for the production of solar energy — we will build an integrated solar photovoltaic
integrated with secure and self-sufficient supply chains.
module factory.
It will be backed by world-class talent and capabilities, built on the pillars of
• Two, for the storage of intermittent energy — we will build an advanced energy storage
technological innovation through strategic partnerships. It will deliver modular,
battery factory.
world-scale, affordable, and most modern Green Energy manufacturing business
based in India, for India and the world.
• Three, for the production of green hydrogen — we will build an electrolyser factory.
Our overall initial investment from our own internal resources in the New Energy
• Four, for converting hydrogen into motive and stationary power – we will build
business will be over US$10 billion in 3 years.
a fuel cell factory.
Dhirubhai Ambani
Our net-carbon Investment in the
Green Energy Giga New Energy business
zero target
Complex in Jamnagar
BUSINESS
VALUE HYDROGEN
STREAMS
Our aim is to establish and enable at least 100 GW We have a defined improvement roadmap to
of solar energy by 2030 and accelerate India’s increase the HJT module efficiency even more
transition from fossil dependence to renewable through innovations like perovskite-tandem cell Reliance is one of the largest
energy sources. Our wholly-owned subsidiary, technology. Our 10GW solar PV cell and module producers of Grey/Blue Hydrogen
REC Group, brings 25 years of commitment to the factory at Jamnagar will commence production globally. We are in advanced stages
solar industry and is a global leader in solar by 2024. And we are targeting to scale up to of developing the blueprint for
manufacturing, providing highest efficiency solar 20GW annual capacity in a phasemanner by 2026. achieving the 1:1:1 green hydrogen
panels with Heterojunction Technology (HJT). vision for India – that is, to make
India the first country globally to
SOLAR achieve $1 per one kg in one decade
for green hydrogen.
Our Mobility team, is creating and deploying We are creating a comprehensive organization and
multiple business models and partnerships with business plan around sustainable energy transition
several automotive companies to successfully from upstream energy generation, hydrogen
enable large-scale consumption of hydrogen, ecosystem, and creating end-use applications in
energy, charging solutions, and battery storage both stationary storage and mobility.
solutions across the spectrum of mobility, including
2-wheeler, 3-wheeler, 4-wheeler and commercial We are creating an end-to-end battery
vehicles (Trucks and Buses).
ecosystem – from battery materials to cell
manufacturing, leading up to packs and
capabilities in design and manufacturing of power Battery Management System (BMS), to deliver
electronics and software systems, integrating with our safe and reliable batteries with high energy
POWER ELECTRONICS capabilities of Telecommunications, Cloud density and fast charging capabilities.
Computing and IoT platform. We will build this
Batteries are an integral part of providing
through partnerships with leading global players to
long-duration energy storage for grid-scale
provide most affordable solutions, meeting global
renewable energy.
standards of performance, safety, and reliability.
Shri Mukesh D. Ambani is the Chairman and Ambani’s achievements have been acknowledged
Dr. Raghunath A. Mashelkar, the Chairman outstanding contribution in the field of science
Managing Director of Reliance Industries Ltd. at national and international levels. In 2013,
of RIC is an eminent scientist and President of and technology and has received honorary
He joined Reliance in 1981 and initiated the Forbes ranked him 38th in its annual list of the
Global Research Alliance. Earlier, he served as the doctorates from 29 universities.
company’s backward integration journey – from “World's Most Powerful People” while the All
Director General of the Council of Scientific and
textiles to polyester fibres, petrochemicals and India Management Association named him the
Industrial Research for eleven years and is widely
He won the JRD Tata Corporate Leadership petroleum refining, and finally, upstream into ‘Entrepreneur of the Decade’. In 2010, he was
recognised for transforming the organisation.
Award in 1998 and the Business Week (USA) oil and gas exploration and production. awarded the Dean's Medal by University of
‘Stars of Asia’ award in 2005. He has been Pennsylvania for his “visionary leadership in the
A former President of Indian National Science awarded three of India’s highest civilian awards application of engineering and technology for the
Mukesh Ambani led the creation of several new
Academy, Dr. Mashelkar is a prominent from the President of India – the Padma Shri in betterment of mankind”.
world-class manufacturing facilities involving
champion of the innovation movement in India. 1991, the Padma Bhushan in 2000, and the
diverse technologies at Reliance, which have
He is currently the Chairman of India’s National Padma Vibhushan in 2014.
boosted organisational capabilities and capacities In 2009, Harvard Business Review in its global
Innovation Foundation, a member of National
manifold. He also led the creation of the world’s ranking of the Top 50 CEOs ranked him the fifth
Innovation Council and a member of the
Dr. Mashelkar is also the Former member of the largest grassroots petroleum refinery at Jamnagar best-performing CEO. An extreme innovator, he
Scientific Advisory Council to the Prime Minister
Reliance Board. in India, which is often referred to as the ‘refining is always on the lookout for businesses of the
of India. He has been honoured with several
hub of the world’ today. future that have the potential to change the game.
awards from various institutions for his
Dr. Milstein conducted his post-doctoral research
at Colorado State University with advisor Dr. John
Stille.
• David Milstein is a Foreign Member of Royal Society; a member of the US National Dr. Maitland studied Chemistry at Oxford • Elected to the American Academy of Arts
Academy of Sciences; Israel National Academy of Sciences and Humanities; and the University, where he also obtained his doctorate and Sciences and the National Academy of
German National Academy of Sciences. in Physical Chemistry. He is a Fellow of the Engineering.
Institution of Chemical Engineers, the Royal
• Received the 2006 Bingham Medal from
• He has received many honours including the Israel Prize (Israel’s highest honour); the Society of Chemistry, the Energy Institute and the
the Society of Rheology and the Warren
Gold Medal of the Israel Chemical Society; the Israel Chemical Society Gold Medal; and Royal Academy of Engineering.
K. Lewis Award and the Professional
the European Prize for Organometallic Chemistry. Progress Award in 1992, both from the
American Institute of Chemical Engineers.
Green was born in Brisbane on July 20, 1948,
and was educated at Brisbane State High
School, graduated from University of
Queensland, and completed his PhD on a
Commonwealth Scholarship at McMaster
University in Canada, where he specialised
in solar energy.
Mr. Henrik Stiesdal Dr. Alan Finkel Dr. Martin Green
• Named one of the most influential persons • Karl Böer Solar Energy Medal of Merit Award from the University of Delaware in 2003.
in the wind industry and has also received
the German Renewables Award for
• Millennium Award from the World Renewable Congress in 2000.
Lifetime Achievements in Wind Energy.
Dr. Yazami received his Doctor of Philosophy from
the Centre National de la Recherché Scientifique,
France, in 1985, and a Masters in Engineering from
the Institut Polytechnique de Grenoble, France,
in 1978.
• Winner of the Draper Prize, the equivalent of a Nobel Prize for engineers.
• Received scientific awards from NASA, NATO, IBA, the Japan Society for the Promotion of
Science, and IEEE.
• Won the UAE’s prestigious Mohammed bin Rashid Medal for Scientific Distinguishment in the
field of Sustainability Science.
• Member of the French Carbon Society (GFEC), The Electrochemical Society, The American
Chemical Society, and the International Society of Electrochemistry.
SENSEHAWK
Founded in 2018, SenseHawk is an early-stage
FARADION LTD
California-based developer of software-based management
RNEL has acquired leading global sodium-ion battery tools for the solar energy generation industry. SenseHawk
technology company Faradion Ltd. for an enterprise value helps accelerate solar projects from planning to production
of GBP 100 million. RNEL is also investing GBP 25 million by helping companies streamline processes and use
as growth capital to accelerate commercial roll out. automation.
Visit https://faradion.co.uk/ to learn more. SenseHawk has helped 140+ customers in 15 countries adopt
new technology for their 600+ sites and assets totalling 100+
GW. SenseHawk’s Solar Digital Platform offers end-to-end
management of solar asset lifecycles.
SKYTRAN INC
LITHIUM WERKS
Reliance is also giving a boost to revolutionary technologies
RNEL has acquired assets of LFP batteries provider
in clean mobility solutions. We have acquired a majority stake
Lithium Werks for USD 61 million. Lithium Werks is a
in skyTran Inc, a futuristic rapid transit system.
leading provider of cobalt free and high-performance
Lithium Iron Phosphate (“LFP”) batteries.
With this investment, we aspire to bring to India high-speed
efficient and economical intra and inter-city connectivity
Visit https://lithiumwerks.com/ to learn more.
through a ‘Transportation-as-a-Service’ platform.
NEXWAFE
FORGING RNEL has invested USD 29 million (EUR 25 million) in
GLOBAL Germany’s NexWafe and partnered with them for the joint
technology development and commercialization of
AMBRI INC
Along with strategic investors Paulson & Co. Inc.
and Bill Gates, and a few other investors, RNEL has
STIESDAL A/S
invested USD 144 million in energy storage company RNEL is collaborating with Denmark’s Stiesdal A/S on
Ambri Inc as part of Reliance’s long-duration energy manufacturing of their HydroGen Electrolyzers in India,
storage systems business globally. which will produce hydrogen at a significantly lower cost
compared to current levels, thus paving the way for rapid
Visit https://ambri.com/ to learn more. decarbonization and commercialization of affordable Green
Hydrogen.
CAELUX CORPORATION
STERLING & WILSON SOLAR RNEL is investing USD 12 million for a 20% stake in Caelux
to accelerate its product and technology development,
RNEL has acquired a 40% stake in Sterling & Wilson Solar,
including construction of its pilot line in the United States for
one of the largest EPC and O&M providers globally, to
expediting the commercial development of its technology.
provide turnkey solutions in the New Energy value chain.
RNEL and Caelux have also entered into a strategic
Visit https://sterlingandwilson.com/ to learn more. partnership agreement for technical collaboration and
commercialization of Caelux’s technology.
INVESTING
IN GREEN
ENERGY PROJECTS
Reliance is also investing INR Rs 5.95 lakh
crore in Green Energy and other projects in
Gujarat, India over a span of 10 to 15 years.
JOIN US IN CREATING
A GREEN ENERGY
FUTURE FOR
THE PLANET About Reliance Industries Limited
Reliance is the place for those who dare Reliance Industries Limited (www.ril.com) is a Fortune 500® company and India’s largest private sector
corporation, with revenues of INR 792,756 crore ($104.6 billion) as of FY21-22. In just over four decades,
to tackle the seemingly impossible challenges of
we have evolved into an integrated major player across energy, materials, new commerce and retail,
our society and invent solutions that overcome
entertainment, and digital services. Reliance features stands 53rd in the Forbes Global 2000 rankings
them. We are looking for candidates who are of “World’s Largest Public Companies” for 2022 – and the top-most among Indian companies. It features
passionate about sustainability, renewable energy among LinkedIn’s ‘The Best Companies to Work for in India’ (2022).