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New Energy - Business Brochure - Oct2022

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174 views14 pages

New Energy - Business Brochure - Oct2022

New energy
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© © All Rights Reserved
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We Care

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.

This Brochure is printed on 100% recycled paper.


“From very humble beginnings over 45 years ago

to now becoming the largest private sector company

in India, the Growth of Reliance mirrors the relentless

spirit of dynamism and hope that resides within the

heart of each of my fellow Indians.

It is this spirit that Reliance is committed to fostering

and which is articulated in our timeless expression

of intent, ‘Growth is Life’.”

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

A FULLY INTEGRATED integrated renewable energy manufacturing facilities in the world.

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.

• Fifth, a giga factory for Power Electronics

THE END-TO-END NEW ENERGY ECOSYSTEM

• Fully integrated solar photovoltaic manufacturing complex


• Advanced Energy Storage systems for integrated cells, battery packs,
control manufacturing
• Electrolyser manufacturing facility
• Mobility solutions and development for EV and FCEV
• Power electronics and semiconductor development
• Basic raw material and auxiliary materials manufacturing

• Research and Development facilities for all New Energy Technologies

2035 5,000 acres ` 75,000 Crore


(US$10 billion)

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.

This would be achieved by selecting the electrolyser manufacturing facility at Jamnagar.


most cost-efficient technology, value We will complement our partner's technological
engineering on hydrogen balance of plant innovation in stack manufacturing with our
equipment, development of integrated and engineering skills, operational excellence,
highly automated manufacturing set up, long-standing experience in efficient seawater
local material supply chain network for desalination, digital twin expertise and indigenous
various components of green hydrogen balance of plant, with a singular aim to deliver
electrolyzer equipment. Reliance would be Green Hydrogen at the lowest cost.
uniquely positioned to power the
This will be first of its kind of
electrolyzers with the cheapest Solar Power We aim to progressively commence transition from
'quartz-to-module' facility globally – from
from its Giga scale plants. Grey/Blue Hydrogen to Green Hydrogen by 2025,
quartz, to metallurgical silicon, to polysilicon,
after proving our cost and performance targets.
to ingots / wafers – and integrate them with
We have partnered with Stiesdal to accelerate
cells and modules. Further, we will invest in
cost reduction and commercialisation of their
Glass and POE film manufacturing – both
Pressurised Alkaline Electrolyzer technology.
having natural synergies with our Chemical
In addition, we are in advanced stages of
and Materials business at Reliance.
partnering with other leading electrolyser
technology players globally to set up giga-scale
MOBILITY BATTERIES

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.

They are also critical to promote Green Mobility


We will deliver a wide range of green power electronic
and stationary applications for residential and world-scale battery manufacturing facility. We aim
solutions like Solar Inverters, BESS (Battery Energy
commercial use. to start production of battery packs by 2023 and
Storage System), Electrolyzer Power supply units and
scale up to a fully integrated 5 GWh annual cell
EV chargers for both captive requirements and for the
Our deep understanding and knowledge of
One of the key components linking the entire value external market. We are focussed on developing a
Chemistry and Materials will add to our to pack manufacturing facility by 2024, and further
chain of Green Energy is affordable and reliable Global Technology Centre and the Power Electronics
competitive advantage in setting up our scale up to 50 GWh annual capacity by 2027.
power electronics. We are building significant Giga Factory for localizing manufacturing in India.
THE INTELLECTUAL RELIANCE
CAPITAL FOR NEW ENERGY
NEW ENERGY COUNCIL
As always, we will develop our New Energy business by getting our First Principles
right, and we believe that we have all the right ingredients in place. NEC members are experts at the top of their
fields who will guide us on technical strategy,
• First, we have over 2,500 scientists, engineers • Fifth, our New Energy business model will be
The Reliance New Energy help identify opportunities, and advise us on
and professionals working passionately to modular and replicable across the globe.
Council (NEC) comprises partnerships worldwide.
deliver our New Energy vision, and we aim to
As a result of these combined strengths, our New
expand it tenfold in next few years. some of the finest minds
Energy business will help India become a net They are global advocates and thought leaders
• Second, we are expanding our partnerships with exporter of energy. globally. These members will of the New Energy business. With such
world's leading start-ups and academic institutions luminaries in our Council, Reliance hopes to
It will also strengthen indigenous R&D base and help us validate our strategies
to collaborate and innovate for the future. transform the world and make it an even
make India a reservoir of intellectual property.
and embrace disruptive better place.
• Third, our large captive requirement across
We are certain that India will present to the world
our businesses enables us to scale rapidly. pathways to achieve our goals.
a template of a Green Economy Movement, which The NEC Charter
• Fourth, in collaboration with global EPC will truly be a People’s Movement.
players, we will repurpose our proven • Accelerate the market-led transition of
capabilities in project management and Reliance to clean energy, with the aim
combine physical and digital technologies
of becoming Net Carbon Zero by 2035.
to deliver lowest-cost green energy.

• Reinvent Reliance to become a New


Energy major with a focused technology
roadmap of 5 to 15 years – including an
optimal mix of clean, affordable energy.

• Formulate strategies for business


configuration, operations, models,
manufacturing, project development within
an ever-evolving Indian and global policy
landscape.
Dr. R. A. Mashelkar Shri Mukesh D. Ambani

Chairman, New Energy Council Chairman & Managing Director


Former Director General of CSIR, India Reliance Industries Limited

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.

Currently, Dr. Milstein is Founder and Head of the


Kimmel Centre for Molecular Design and the
Professorial Chair of Organic Chemistry at the
Weizmann Institute of Science, a multidisciplinary
basic research institution in the natural and exact
sciences in Israel.

He is also presently a Full Professor at the


Dr. David Milstein Department of Organic Chemistry at the Weizmann
Dr. Geoffrey Maitland Dr. Robert Armstrong
Institute of Science in Israel.
Director, Massachusetts Institute
Professorial Chair of Organic Chemistry, Professor of Energy Engineering,
of Technology Energy Initiative
Weizmann Institute of Science, Israel In 2007, Science magazine cited as one of ten Imperial College, London
(MITEI), USA
“breakthroughs of the year” his group’s pioneering
Dr. David Milstein was born in 1947 in Ulm, Dr. Geoffrey Maitland is the Professor of Energy
development of a ruthenium-based catalyst to Dr. Robert Armstrong is Director at the
Germany, where his family took refuge after being Engineering at Imperial College, London, and a
convert starting compounds, called amines and Massachusetts Institute of Technology Energy
displaced during the Holocaust. With his family, Past President of the Institution of Chemical
alcohols, directly into another class of widely useful Initiative (MITEI) and the Chevron Professor of
he immigrated to the newly founded state of Israel Engineers (2014-15).
compounds, called amides, which play crucial roles Chemical Engineering at the Institute.
at the age of two.
in chemistry and biology. This catalyst, called the His career has spanned academia and industry, His research is focused on pathways to a
‘Milstein catalyst’ is used today in labs around the spending 20 years in Oil and Gas with low-carbon energy future. He was a member of
He went on to complete his Bachelor of Science world. Two of his catalysts are being marketed Schlumberger and over 20 years at Imperial, first MIT’s Future of Natural Gas and Future of Solar
degree with distinction in 1968, Master of Science worldwide by Strem Chemicals, Inc. as a young lecturer from 1974 and then from 2005 Energy study groups.
with distinction in 1969, and a Ph.D. Summa Cum in his current position. He is also the Founding
Laude in 1976 under Prof. J. Blum from the Director of the Qatar Carbonates and Carbon
Dr. Milstein's H Index is 91 (ISI); 97 (Google He advised the teams that developed MITEI’s most
Hebrew University of Jerusalem, Israel. Storage Research Centre, a $70 million, 10-year
Scholar) and citations are 30,000 (ISI); 35,500 recent reports: “The Future of Nuclear Energy in a
(Google Scholar). academic-industry research programme based at Carbon-Constrained World” (2018) and “Insights
Imperial College. into Future Mobility” (2019). He is co-chairing the
new MITEI study, “The Future of Storage”.
His current research is centred on how we can
continue to use fossil fuels for most of this century
without causing catastrophic climate change,
HONOURS AND AWARDS particularly through carbon capture and storage
HONOURS
(CCUS). He has chaired several CCUS public
reports and been a member of the 2018 UK AND AWARDS
Government CCUS Cost Challenge Taskforce.

• 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

Scientia Professor, University of Dr. Green has revolutionised the efficiency


Founder and CTO, Stiesdal, Denmark Former Chief Scientist of Australia; and costs of solar photovoltaics, making this
New South Wales (UNSW), Australia
Mr. Henrik Stiesdal is a pioneer of the modern
Chairman, Low Emissions Technology now the lowest cost option for bulk electricity
wind industry, having built his first wind turbine in Investment Advisory Council, Australia Often referred to as the ‘father of photovoltaics’, supply. His record-breaking achievements
1976 and in 1978 having designed one of the first Professor Martin Green is a world-leading stretch across decades. Among his many
Dr. Alan Finkel is the former Chief Scientist of specialist in both monocrystalline and breakthroughs, he invented the PERC solar
commercial turbines. Stiesdal’s initial work in the
Australia. He has an extensive science polycrystalline silicon solar cells. cell, which accounts for at least a quarter of
late 1970s and early 1980s contributed significantly
background as an entrepreneur, engineer, the world solar cell manufacturing capacity
to the development of the simple and robust
neuroscientist and educator. Currently, he has and has a rapidly increasing market share
technologies of the ‘Danish Concept’. Stiesdal has He is Scientia Professor at the University of New
two official roles that support Australia’s march due to its greater efficiency over other types
more than 175 inventions to his credit and has South Wales (UNSW), Sydney and Director of the
towards lower emissions: of cells. The PERC cells pioneered by UNSW
received more than 650 patents related to wind Australian Centre for Advanced Photovoltaics.
power technology. He studied medicine, physics now reflect 50% of world production.
Chair of the Low Emissions Technology He has been working at UNSW since 1974. He is
and biology at the University of Southern Denmark also Research Director of Sydney-based CSG
Investment Advisory Council that advises the
in Odense. During his 40 years in the wind Solar Pty. Ltd., a company established to
Minister for Energy and Emissions Reduction on Prof Green’s Google Scholar H index is 137
industry, he has worked with all aspects of turbine commercialise UNSW’s polycrystalline silicon
the adoption of low emissions technologies. and he has 97756 citations.
technology, including fundamental research, thin-film on glass solar cell technology.
Special Adviser to the Australian Government on
turbine design, manufacturing, sales, project
Low Emissions Technologies.
implementation, service and quality management.
Dr. Finkel was awarded his PhD in electrical
In 1990, he assumed overall responsibility for engineering from Monash University and worked
Vindeby Offshore Wind Farm, the world's first as a postdoctoral research fellow in neuroscience
offshore wind farm. at the Australian National University.
HONOURS AND AWARDS

He has served as President of the Australian


Academy of Technology and Engineering (ATSE), • Fellow of the Royal Society of London, the Australian Academy of Science, the Australian
and as Chancellor of Monash University. Academy of Technological Science and Engineering and the Institute of Electrical and
HONOURS Electronic Engineers (IEEE).
AND AWARDS
• Winner of the prestigious Japan Prize in 2021.

• 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.

He is listed as inventor on more than 150 patents


related to battery technology, including nano-Si-
and nano-Ge-based anodes for ultra-high-rate
charge lithium batteries, the lithium-carbon
Dr. Rachid Yazami
fluoride battery for space and medical applications,
and more recently, liquid anodes. He has
Founding Director and CTO, co-authored more than 250 papers on batteries
KVI Holdings, Singapore; and their materials and systems.
Former Research Director
CNRS, France In 1979–1980, Dr. Yazami invented the lithium
graphite anode, now used in commercial Li-ion
Dr. Rachid Yazami is Founding Director and CTO
batteries, a product with over $100 billion/year
at KVI Holdings, a start-up in Singapore dedicated
in business value.
to battery life and safety enhancement for mobile
electronics, large energy storage, and electric
vehicle applications.

Previously, he was a former Principal Scientist at


Nanyang Technological University in Singapore.

HONOURS AND AWARDS

• 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.

• Nominated for the Queen Elizabeth Prize for Engineering (2013‐2015).


OUR INVESTMENTS
REC SOLAR
& ACQUISITIONS HOLDINGS AS (REC GROUP)
IN NEW ENERGY RNEL has acquired REC Solar Holdings AS (REC Group),
one of the world’s leading solar cells/panels and
AND CLEAN MOBILITY polysilicon manufacturing companies, for an enterprise
value of USD 771 million.

Visit https://www.recgroup.com/en to learn more.

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

PARTNERSHIPS high-efficiency monocrystalline “green solar wafers”.

NexWafe’s unique patented technology is expected to


drastically lower costs and make solar photovoltaics the
We have forged strong global partnerships to
lowest-cost form of renewable energy available and build
co-create New Energy solutions for India and the world.
large-scale wafer manufacturing facilities in India.

Visit https://www.nexwafe.com/ to learn more.

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.

Visit https://www.stiesdal.com/ to learn more.

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.

The investment will help in setting up a 100 GW


Renewable Energy Power Plant and with
Green Hydrogen Eco-System development.

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).

solutions and truly care about people and planet!


To learn more about Reliance New Energy,
Come help us co-create the green New Energy
visit https://www.ril.com/OurBusinesses/New-Energy.aspx
future for India and the world.
Read the RIL CMD Mukesh D. Ambani’s address to shareholders at the 45th AGM (post-IPO) delivered on
Send us your CVs at
August 29, 2022, for more insights into the Reliance New Energy vision and implementation plan:
Careers.New [email protected].
https://www.ril.com/InvestorRelations/Chairman-Communication.aspx
visit www.ril.com or
Visit https://careers.ril.com/newenergy/
for all open positions.

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