RIL begins pilots for photo voltaic, batter storage initiatives in Jamnagar

Reliance Industries has began pilots of its photo voltaic and battery power storage initiatives in Jamnagar forward of its begin of manufacturing of 9.6 GW modules later this yr.

The Mukesh Ambani-controlled conglomerate is constructing a gargantuan giga complicated unfold over 5,000 acres as a part of its new power enterprise, with an funding of over $10 billion. Sources indicated that the corporate is on schedule to start out manufacturing quickly.

Whereas asserting the primary quarter outcomes for FY25, the corporate, for the primary time, made a quick point out of its new power enterprise saying that it had made vital progress on the implementation of recent power giga factories. It didn’t, nevertheless, give another particulars.

The inexperienced power enterprise that consists of renewable power and new power akin to hydrogen, are anticipated to drive the following part of progress for the corporate. Although its shopper dealing with companies akin to retail and digital are nonetheless within the progress part, each have attained a gradual state and can be propelled underneath their very own momentum pushed by its initiatives to draw clients.

The primary parts of the inexperienced power ecosystem are the built-in photo voltaic modules, battery storage system and renewable power feeding into the modular electrolysers that can be producing inexperienced hydrogen that can be transformed by gas cells into electrical energy.

The corporate has already ready for all the worth chain by 10 strategic acquisitions for round $1.5 billion. In January, it signed an settlement with Gujarat authorities to safe 74,750 hectare land in for inexperienced hydrogen manufacturing. In April, it acquired six plots from the Deendayal Port Authority to arrange models to supply inexperienced hydrogen and inexperienced ammonia. In the identical month, the corporate was one of many bidders for the rebidding of Manufacturing-Linked Incentives scheme for the manufacturing of 10 GWh Superior Chemistry Cells. The corporate had secured PLI for ACC storage of 5 GWh in an earlier spherical in 2022, whereas it has additionally received PLIs for photo voltaic modules.

The brand new power enterprise has been valued at $20 billion by Nuvama Analysis primarily based on FY26 gross sales, comprising 12 per cent of the whole.