Top 5 Green Hydrogen Companies In The World

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1. Reliance Industries Ltd. (NASDAQ:RELI)

Total Market Cap (As of November 22): $206.1B

Based in Mumbai, Maharashtra, Reliance Industries Ltd. (NASDAQ:RELI) is an Indian multinational conglomerate company with businesses ranging from energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. One of the most profitable companies in India, the company is ranked 100th on the Fortune Global 500 list of the world’s biggest corporations as of 2022. Reliance Industries Ltd. (NASDAQ:RELI) is the largest employer in India with over 236,000 employees across 102 countries. The company is one of the world’s largest producers of grey hydrogen, but as of June 2022, has begun the transition from grey to green hydrogen, expecting to complete the transition by 2025.

Here is what Mukesh Ambani, chairman of Reliance Industries Ltd. (NASDAQ:RELI) had to say about the company’s green hydrogen initiative:

“We are one of the largest producers of grey hydrogen globally…We will complement our partner’s technological innovation in stack manufacturing with our engineering skills, operational excellence, long-standing experience in efficient seawater desalination, digital twin expertise and indigenous balance of plant, with a singular aim to deliver green hydrogen at the lowest cost. We aim to progressively commence transition from grey hydrogen to green hydrogen by 2025, after proving our cost and performance targets. Once proven at scale, we are prepared to double the investment to scale up our manufacturing ecosystem.”

Since Reliance Industries Ltd. (NASDAQ:RELI) is not new to hydrogen, analysts are fairly optimistic about the company’s transition initiative. The company has announced an initial investment of $10 billion to build one of the most comprehensive ecosystems for New Energy and Green Hydrogen in India. Furthermore, Reliance Industries Ltd. (NASDAQ:RELI) has also partnered with Stiesdal to facilitate cost reduction and commercialization of their pressurized alkaline electrolyzer technology, which will further help the company reach their production goals with respect to green hydrogen.

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