Making Significant Strides towards a Net Carbon Zero Future

In the current global energy landscape, the oil and gas sector is rapidly advancing towards sustainability, driven by climate challenges and a growing interest in renewables. India is emerging as a key force due to its large energy needs that are critical to its progress. Reliance seeks to spearhead this green transformation by deploying innovative solutions and implementing decarbonisation strategies, reflecting its commitment to achieve net-zero emissions and supporting India’s broader aspirations for energy security.

Through technological advancements and large-scale infrastructure development, Reliance has intensified its efforts towards reducing carbon emissions and building a holistic green energy ecosystem. This transition from fossil fuels to greener energy solutions—requiring significant investments in skills, technology and large-scale manufacturing— continues to reinforce the Company’s commitment to developing its New Materials and New Energy business.

With a mission to position India as a global leader in energy transition, Reliance is investing in domestic technology and manufacturing capabilities to help transform India from a net energy importer to an exporter, creating long-term value for both the nation and its shareholders.

The Reliance Commitment

To achieve its ambitious Net Carbon Zero target by 2035, Reliance announced plans to:

  • Establish and enable 100 GW of renewable energy by 2030
  • Invest in the value chain, partnerships and future technologies, including upstream and downstream industries
  • Build giga factories to create and offer a fully integrated, end-to-end renewable energy ecosystem
  • Transform its business to Net Carbon Zero operation

Net Carbon Zero Strategy

Reliance’s Net Carbon Zero goal has a globally transformational scale, and the Company continues to uphold its core business principles with steadfast commitment on this journey toward a Net Carbon Zero future. These values remain the cornerstone of Reliance’s progress, as outlined below:

Backward-integration

By integrating scientific knowledge with continuous technological innovation to build and operate truly integrated systems that deliver on cost and performance.

Robust business model

By building a model that captures the irreversible upward trend in the demand for green, clean and renewable energy in India and globally, alongside the decreasing cost of production.

Scale

By improving the efficiency, performance and life cycle of its assets and operations to achieve total system optimisation and economics.

Focus on Deep Tech and R&D Capabilities

Reliance continues to build deep technology capabilities through strategic investments and collaborations with leading enterprises in solar power, batteries and electrolysers. These alliances grant the Company access to new skill sets and cutting-edge technology, empowering it to shape the future of the New Energy sector globally. The Company is also fostering extensive in-house research and development to deliver advanced solutions at cost-competitive levels.

Reliance is actively developing a comprehensive green energy ecosystem, utilising new technologies and pursuing innovative approaches, which contribute to carbon emission reduction and a more sustainable future for India.

Reliance has made a strong start on the ambitious journey to become Net Carbon Zero by 2035. The Company envisions becoming one of the world’s leading New Energy and New Materials company over a period of 10 years through a strategic focus on clean energy transition, making CO2 a recyclable resource and replacing transportation fuel.

Other initiatives include:

  • Improving energy efficiency
  • Upgrading syngas to high‑value chemicals
  • Converting transportation fuels to valuable petrochemicals and material building blocks

Clean Energy Transition

Reliance is making significant strides in developing the Dhirubhai Ambani Green Energy Giga Complex spanning 5,000 acres in Jamnagar. The Solar and Battery Giga-Factories are progressing rapidly, with engineering completed, procurement finalised, and equipment deliveries expected in 2025. The first giga-watt+ scale solar PV module line, with BIS certification, commenced operations recently.

Reliance is building a 30 GWh advanced battery giga factory scheduled for progressive commissioning over 2025/2026. This facility will initially assemble Battery Energy Storage Systems (BESS) and then integrate backward into cell manufacturing and battery chemicals, creating the world’s only fully integrated battery giga-factory to drive value chain synergies. Additionally, Reliance plans to operationalise a multi-GW electrolyser facility to bolster green hydrogen capabilities. Reliance and Nel Hydrogen Electrolyser AS have entered a technology licensing agreement, granting RIL an exclusive license to manufacture and utilise Nel’s alkaline electrolysers in India and for global captive use. The Company also acquired Nauyaan Shipyard near Dahej for electrolyser and fabrication capacity.

The Company has begun land development in Kutch where the Company has been allocated significant land parcels with high solar irradiance. The Company can deliver nearly 150 billion units of electricity from Kutch. The Company also has access to 2000 acres of land in Kandla for green chemicals production and evacuation. Two transmission projects - Lakadia 1 and Kandla - were awarded to RIL, enhancing its clean energy transmission footprint. Reliance continues to explore cuttingedge technologies to convert CO2 into valuable products, with carbon capture and utilisation playing a pivotal role.

Reliance is pioneering efforts to shift from traditional fuels to cleaner alternatives - such as green hydrogen and renewable electricity. Key focus areas include transitioning from traditional transportation fuels to chemical building blocks and integrating them with downstream derivatives powered by solar, and battery solutions. During the year, Jio-bp launched the Charger on Wheels (COW) mobile charging unit and unveiled southern India’s largest public EV charging hub, while also piloting a ‘Green Energy Open Access’ project. Additionally, Jio-bp has expanded its CBG/CNG offerings across its retail outlets.