Reliance’s Ambani Singles Out Green Initiatives As Game Changer In Message To Shareholders Updated On Mon, Aug 8th, 2022 by Saurenergy Mukesh Ambani, Chairman and Managing Director at Reliance Industries, in his annual message to shareholders, has highlighted progress on the group’s green energy initiatives as a key area to watch for the future. The group, which had announced a commitment to invest $10 billion into it’s new energy initiatives in 2021, has made significant progress […] Read more
REC Group gets EU grant for solar factory in France Updated On Fri, Jul 15th, 2022 by Saurenergy REC Solar has declared the award of a grant from the European Union for the construction of a 2 GW heterojunction (HJT) module factory in France. India’s Reliance Industries bought REC Solar in 2021. The company held previously that 2 GW per year of HJT modules that will be manufactured by it will have a […] Read more
Reliance New Energy Ltd acquires assets of Lithium Werks BV Updated On Tue, Mar 15th, 2022 by Saurenergy Reliance Industries’ subsidiary Reliance New Energy Ltd on Monday signed definitive agreements to acquire “substantially” all of the assets of Lithium Werks BV for a total transaction value of $61 million, including funding for future growth. The assets include the entire patent portfolio of Lithium Werks – a leading provider of cobalt free and high-performance […] Read more
Hype powers the green hydrogen journey for now Updated On Mon, Feb 28th, 2022 by Saurenergy With not even a week since the National Green Hydrogen Policy (Phase1) was announced, you could be forgiven for thinking that the revolution is here. The key points of the policy are: Green Hydrogen / Ammonia manufacturers may purchase renewable power from the power exchange or set up renewable energy capacity themselves or through any […] Read more
Reliance Announces Rs 5.955 lakh Crore Renewable Energy Plans For Gujarat Updated On Thu, Jan 13th, 2022 by Saurenergy Reliance Industries Limited (RIL), the $73.8 billion conglomerate with profits over $10.9 billion in 2021 has announced a massive plan to invest in its key manufacturing base and state, Gujarat. In a stock exchange filing today (Jan 13), the firm confirmed an MoU signed at the Vibrant Gujarat Summit 2022 with the Government of Gujarat, […] Read more
The US Doubles Down On Energy Storage Capacity Updated On Mon, Dec 13th, 2021 by Saurenergy The market for energy storage in US is making big strides, driven by the record growth in the past year even though Covid pandemic upset the momentum of various other industries across the world. Renewable storage market has rather been holding up the country’s economic prospects. Over the year 2020, 1,464 MW/3,487 MWh of new […] Read more
India’s Solar Path-The Firms, Individuals and Organisations That Will Matter Updated On Wed, Dec 1st, 2021 by Saurenergy 2021 has marked a return to bump up in capacity addition in solar, after the last peak in 2017-18 when the country added close to 9.5 GW taking solar to the top among all energy options for capacity added. With this year likely to see over 11 GW of fresh capacity addition, it says something […] Read more
Decoding The Reliance Gambit In Renewable Energy Updated On Tue, Nov 9th, 2021 by Saurenergy It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […] Read more
Reliance In Deal With Stiesdal To Develop And Manufacture Electrolysers Updated On Thu, Oct 14th, 2021 by Saurenergy Continuing with its slew of deal making this week, Reliance New Energy Solar (RNESL), a subsidiary of Reliance Industries has announced a partnership with Danish company Stiesdal A/S to develop and manufacture hydrogen electrolysers. These are the final, critical part of the chain to produce green hydrogen, with energy for the electrolysers coming from renewable […] Read more
