While we all wait to see Reliance's massive plans to utilize opportunities presented by India's race to Net Zero, here are some indicators:
First, is of course that the company sees the response to climate change as a huge opportunity to create value through a new energy and materials business.
From a corporate decarbonization point of view, Reliance’s plan to achieve “net carbon zero” by 2035 is through a transition from fossil fuels to renewable fuels for captive energy demand, maximize the use of biofuels and scale up recycling of materials and maximize circularity across the value chains and by achieving CO2 capture, storage, and conversion.
From a business opportunity perspective, its plan includes exploring every stage of the solar supply chain, advanced energy storage, hydrogen production, and fuel cells. And going by the company’s investments in upstream integration recently, Reliance could well offer the world an alternative to China-made products for meeting renewable energy goals.
On the project development front, they aim to establish and enable at least 100 GW of solar energy by 2030.
