Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.
As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president for new energy at Reliance, said at the BloombergNEF summit in New Delhi on Wednesday.
Prime Minister Narendra Modi’s government unveiled the first phase of its green hydrogen policy in February, offering a range of incentives for companies to set up projects. India is considering offering more “sweeteners” for producers, Power and Renewable Energy Minister Raj Kumar Singh said last week.
Green hydrogen has drawn tens of billions of dollars in investment commitments from investors, including Ambani and rival tycoon Gautam…