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Reliance: H2 Costs to Fall

Copyright © 2021 Energy Intelligence Group

India should be able to lower the cost of green hydrogen to $1/kg in a decade from current levels of around $5/kg, the chairman of Indian conglomerate Reliance Industries, Mukesh Ambani, said on Friday. "Efforts are on globally to make green hydrogen the most affordable fuel by bringing down its cost to initially under $2/kg,” Ambani told the International Climate Summit. "India can set an even more aggressive target of achieving $1/kg within a decade," he added. Ambani is seeking to raise India's renewable power generation capacity 450 GW by 2030 from 100 GW today. Reliance -- whose businesses include refining and petrochemicals -- has set itself a goal of having 100 GW of solar power capacity by 2030.

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