Reliance Industries Limited (RIL) has unveiled India’s first hydrogen internal combustion engine (H2ICE) technology for heavy duty trucks at the India Energy Week in Bangalore.
As part of its ambitious Net Carbon Zero vision, Reliance has committed $10 billion to develop an ecosystem for new energy and new materials in India. The company has been developing the new hydrogen combustion engine with its vehicle partner Ashok Leyland and other technical partners and the first engines have been running since early 2022. Going forward, Reliance will first extensively test and validate the H2ICE technology for heavy duty trucks before its first commercial deployment at scale initially across its captive fleet. At the same time, Reliance is pursuing the opportunity to create an end-to-end hydrogen eco system for mobility.
Reliance is India’s largest private sector company, with a consolidated revenue of $104.6 billion and net profit of $9.0 billion for the year ended March 31, 2022. Over the past two years. Reliance has embarked on a number of acquisitions, building a significant footprint in battery and solar technology and has aprtnership on hydrogen with Stiesdal in Denmark.
