To further push the boundaries of India’s renewable resource manufacturing capabilities, Reliance today made a major announcement at its Annual General Meeting (AGM) 2021. Apart from announcing the JioPhone Next developed in partnership with Google, Reliance also announced to set up a 5,000-acre complex with four integrated Giga Factories to produce renewable energy in India.
“One, for the production of solar energy, we will build an integrated solar photovoltaic module factory. Two, for the storage of intermittent energy, we will build an advanced energy storage battery factory. Three, for the production of green hydrogen, we will build an electrolyzer factory. Four, for converting hydrogen for mobile and stationary power, we will build a fuel cell factory,” further added the Reliance CEO.
Now, it is evident from the company’s plans that it is trying to rival Tesla, the global EV manufacturer’s solar projects. However, it is too soon to call Reliance a “rival” to Tesla. With its solar energy plans, the company is looking to replicate the success, which Tesla gained through its solar projects, in India over the coming years. So, setting up a Giga Factory to produce solar energy seems like a relevant stepping stone for Reliance to make India a significant exporter of renewable resources in the modern world.
