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New Energy

“We have a 15-year vision to build Reliance as one of the world's leading New Energy and New Materials company.

The New Energy business based on the principle of Carbon Recycle and Circular Economy is a multi-trillion opportunity for India and the world.

It is also an opportunity to make clean and green energy abundantly available at an affordable price to every Indian, every Indian enterprise, and every Indian utility.

More than a business, this is our seva to save Planet Earth from the ravages of climate change.”

Mukesh D. Ambani
Chairman and Managing Director, RIL
at the 43rd AGM, 2020


In This Section

At Reliance, we have set an ambitious target of achieving net-zero carbon by 2035 and are are investing over USD 10 billion (Rs 75,000 crore) in building the most comprehensive ecosystem for New Energy and New Materials in India to secure the promise of a sustainable future for generations to come.

Our New Energy business will be an optimal mix of reliable, clean and affordable energy solutions with hydrogen, wind, solar, fuel cells, and batteries.

We are committed to helping India lead in the Green New Energy future and are bridging the Green Energy divide in India and the world.

Reliance is the place for those who dare to tackle the seemingly impossible challenges of our society and invent solutions that overcome them.

We are looking for candidates who are passionate about sustainability, renewable energy solutions, and truly care about people and planet!

Come help us co-create the green New Energy future for India and the world.

Send us your CVs at Careers.NewEnergy@ril.com or visit www.recgroup.com/careers for all open positions.

A Fully Integrated Renewable Energy Ecosystem

Jamnagar, the cradle of our old energy business, is also the cradle of our New Energy business.

We are constructing the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar.

This will be among the largest such integrated renewable energy manufacturing facilities in the world.

We are investing Rs 60,000 crores to construct world-scale, state-of-the-art facilities to manufacture and integrate critical components of the New Energy ecosystem:

  • Fully integrated solar photovoltaic manufacturing complex
  • Advanced Energy Storage systems for integrated cells, battery packs, control manufacturing
  • Electrolyser manufacturing facility
  • Mobility solutions and development for EV and FCEV
  • Power electronics and semiconductor development
  • Basic raw material and auxiliary materials manufacturing
  • Research and Development facilities for all New Energy Technologies

We are also investing Rs 15,000 crores in value-chain, partnerships, and future technologies, including upstream and downstream industries, to create a fully integrated, end-to-end renewable energy ecosystem.

Our Investments & Acquisitions in New Energy and Clean Mobility

Through our subsidiary, Reliance New Energy Ltd (RNEL), we have made the following investments and acquisitions:

Faradion Ltd

Faradion Ltd

RNEL has acquired leading global sodium-ion battery technology company Faradion Ltd. for an enterprise value of GBP 100 million. RNEL is also investing GBP 25 million as growth capital to accelerate commercial roll out.

Visit https://faradion.co.uk/ to learn more.

Lithium Werks

Lithium Werks

RNEL has acquired assets of LFP batteries provider Lithium Werks for USD 61 million. Lithium Werks is a leading provider of cobalt free and high-performance Lithium Iron Phosphate (“LFP”) batteries.

Visit https://lithiumwerks.com/ to learn more.

REC

REC Solar Holdings AS (REC Group)

RNEL has acquired REC Solar Holdings AS (REC Group), one of the world’s leading solar cells/panels and polysilicon manufacturing companies, for an enterprise value of USD 771 million.

Visit https://www.recgroup.com/en to learn more.

skytran

SKYTRAN INC

Reliance is also giving a boost to revolutionary technologies in clean mobility solutions. We have acquired a majority stake in skyTran Inc, a futuristic rapid transit system.

With this investment, we aspire to bring to India high-speed efficient and economical intra and inter-city connectivity through a ‘Transportation-as-a-Service’ platform.

Forging Global Partnerships for Sustainable Growth

We have forged strong global partnerships to co-create New Energy solutions for India and the world.

Ambri Inc

Ambri Inc

Along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few other investors, RNEL has invested USD 144 million in energy storage company Ambri Inc as part of Reliance’s long-duration energy storage systems business globally.

Visit https://ambri.com/ to learn more.

Sterling & Wilson Solar

Sterling & Wilson Solar

RNEL has acquired a 40% stake in Sterling & Wilson Solar, one of the largest EPC and O&M providers globally, to provide turnkey solutions in the New Energy value chain.

Visit https://sterlingandwilson.com/ to learn more.

NexWafe

NexWafe

RNEL has invested USD 29 million (EUR 25 million) in Germany’s NexWafe and partnered with them for the joint technology development and commercialization of high-efficiency monocrystalline “green solar wafers”.


NexWafe’s unique patented technology is expected to drastically lower costs and make solar photovoltaics the lowest-cost form of renewable energy available and build large-scale wafer manufacturing facilities in India.

Visit https://www.nexwafe.com/ to learn more.

Stiesdal A/S

Stiesdal A/S

RNEL is collaborating with Denmark’s Stiesdal A/S on manufacturing of their HydroGen Electrolyzers in India, which will produce hydrogen at a significantly lower cost compared to current levels, thus paving the way for rapid decarbonization and commercialization of affordable Green Hydrogen.

Visit https://www.stiesdal.com/ to learn more.

A Green Ecosystem for Small and Medium Enterprises

Reliance is also investing Rs 5.95 lakh crore in Green Energy and other projects in Gujarat over a span of 10 to 15 years.

The investment will help in setting up a 100 GW Renewable Energy Power Plant and with Green Hydrogen Eco-System development.

RIL will also develop an eco-system for assisting Small and Medium Enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of Renewable Energy and Green Hydrogen.

The Renewable Energy Project Management and Construction Division will enable and partner with thousands of green MSME entrepreneurs who can deploy kilowatt to megawatt scale solutions in agriculture, industry, residences and transportation.

Reliance New Energy Council

We have established the Reliance New Energy Council with some of the finest minds globally.

They will help us validate our strategies and embrace disruptive pathways to achieve our goals.

Renewable Energy Project Finance Division

This division will provide finance solutions to the stakeholders in our ecosystem.

We will achieve our goals by enabling a platform to source long-term global capital for these investments at the most attractive terms.

Join Us

If you are passionate about sustainability, renewable energy solutions, and truly care about people and planet, come be part of the Reliance family! Co-create the green New Energy future for India and the world.

Send us your CVs at Careers.NewEnergy@ril.com or visit www.recgroup.com/careers for all open positions.


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