Ambani’s $75 Billion Plan Aims to Make India a Hydrogen Hub
- Reliance plans ‘entire value chain’ of green hydrogen economy
- Billionaire seeks to produce green hydrogen at $1 per kilogram
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Billionaire Mukesh Ambani’s ambitious effort to pivot his conglomerate Reliance Industries Ltd. toward green energy could transform India into a clean-hydrogen juggernaut.
Ambani, Asia’s richest man who’s built his fortune on fossil fuels, announced plans earlier this month to invest $75 billion in renewables infrastructure including generation plants, solar panels and electrolyzers. There is growing speculation that the strategy entails transforming all of that clean power into hydrogen, one of the largest endorsements in the next-generation fuel.