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Dec 12, 2023

RIL AGM 2023: Solar Module Facility By 2025, Battery Manufacturing Plant By 2026, Say Mukesh Ambani

Reliance Industries Ltd. has given top priority to commissioning its integrated solar module facility by 2025 and following it up with the giga-scale battery manufacturing plant by 2026, as part of

Reliance Industries Ltd. has given top priority to commissioning its integrated solar module facility by 2025 and following it up with the giga-scale battery manufacturing plant by 2026, as part of its plan to become carbon neutral by 2035.

RIL Chairperson and Managing Director Mukesh Ambani told shareholders at its 46th Annual General Meeting in Mumbai that they are well on the way to building the new energy ecosystem of manufacturing solar, wind, batteries, hydrogen, and bio-energy platforms. And, as a top priority, it plans to deliver a fully integrated solar photovoltaic manufacturing ecosystem by 2025.

"RIL's integrated giga-scale solar module manufacturing plant will convert sand into solar PV modules and will include the manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location in Jamnagar," he said.

He said the company is also planning to set up its gigawatt-scale battery manufacturing plant on concurrent priority by 2026.

The plant will produce battery chemicals, cells and packs, and containerised energy storage solutions. As part of an integrated ecosystem, it will also include a battery recycling facility, according to Ambani. The battery production will start with the lithium-iron-phosphate chemistry at the cheapest price points, Ambani said.

"We are also focused on commercialisation of our sodium-ion battery technology. The company plans to commercialise the sodium-ion cell production at megawatt level by 2025 and rapidly scale up to giga-scale thereafter."

The company also plans to venture into wind power generation and wind turbine manufacturing, as the integration of energy storage with wind and solar power generation is critical to providing grid-connected, round-the-clock electricity. "We have made significant progress in developing a manufacturing ecosystem critical to achieving cost-efficient wind power generation at giga-scale," Ambani said.

He said one of the significant cost drivers in the manufacturing of wind blades is carbon fibre, and RIL’s foray into manufacturing it at a large scale will help them integrate and reduce the cost of wind turbines.

The company plans to partner with global technology players in wind equipment manufacturing to provide cost-efficient solutions. It also plans to enable the installation of at least 100 GW of renewable energy generation by 2030.

The company is on its way to integrate batteries with wind and solar generation at the megawatt-scale in the next few quarters in Jamnagar, Gujarat, he said. "It will be followed by grid-scale deployment of batteries to convert intermittently captured photons into electrons and make them available round the clock for our captive requirements as well as for India's growing energy needs."

RIL has set the roadmap to achieve its targeted cost of electrolysers and production of green hydrogen. This will be achieved through the solar and wind energy storage manufacturing ecosystems, Ambani said.

"In collaboration with our technology partners, we are firmly on our way to successfully demonstrate this first at MW scale," he said. "We will leverage our engineering capabilities, large-scale manufacturing, and localisation to optimise this at giga-scale."

The company will set up an integrated giga-scale electrolyser manufacturing facility in Jamnagar. This will enable it to establish large-scale green hydrogen production, gradually transition to captive requirements, and simultaneously integrate with green ammonia and green methanol production for domestic and international markets.

The company has focused on bioenergy generation by using non-cattle-feed biomass to resolve India's massive pollution-related issues over stubble burning.

RIL claims to have become India's largest bioenergy producer. "After setting up two demo units for compressed biogas at Jamnagar, we have commissioned the first commercial-scale CBG plant at Barabanki in Uttar Pradesh in a record time of just 10 months," Ambani said.

The company plans to ramp it to 25 CBG plants across India and scale it to 100 in the next five years.

It will consume 5.5 million metric tonnes of agro-residue and organic waste and help mitigate nearly 2 million metric tonnes of carbon emissions. It will also help produce 2.5 MT of organic manure annually. This would result in a reduction of about 0.7 million metric tonnes per year of imported liquefied natural gas, he said.