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Reliance Seeks New Technologies to Make Cheaper Green Hydrogen

  • Company plans to bid for any government production incentives
  • Purchase obligations needed to build green hydrogen market
Mukesh Ambani
Mukesh AmbaniPhotographer: Dhiraj Singh/Bloomberg

Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.

As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president for new energy at Reliance, said at the BloombergNEF summit in New Delhi on Wednesday.