Explained: Reliance versus Adani in green hydrogen

While both giants are set to spend billions in the nascent industry, the Mukesh Ambani-led conglomerate has a clear advantage over the Adani group.

This week, billionaires Gautam Adani and Mukesh Ambani made big announcements on their competing efforts to produce green hydrogen as a fuel.

Adani said his group will set up three gigafactories in India to make solar modules, wind turbines and hydrogen electrolysers. Meanwhile, Reliance Industries announced that it will buy a majority stake in California-based solar energy software developer SenseHawk, as part of its renewable energy initiatives. 

Both announcements are key to boosting the two conglomerates’ clean energy ambitions, for which they are pouring billions of dollars.

In all, Reliance Industries will invest $10 billion (roughly Rs 80,000 crore) over …

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Aakriti Bhalla

Aakriti used to write at the intersection of public markets and large corporations. She joined The Morning Context from The Financial Express, where she was with the markets team, and before that had started out in business journalism as a correspondent with Reuters.

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aakriti@mailtmc.com

Delhi