Group cos churning Rs 1,100 cr Ebitda a week
It is ironic that a research outfit that has accused the Adani group of financial manipulation is named after a disaster that continues to haunt the world's hydrogen ambitions
The country aims for annual production of 5 million tonnes of green hydrogen and hopes to provide at least 10% of global demand by 2030
Rs 11,000 crore will be invested in green hydrogen and airport projects, Rs 4,100 cr for retiring debt
The company is tapping industry opportunities, such as green hydrogen, the aviation sector and data centers
Jefferies values firm's green hydrogen business at $8 bn
The National Green Hydrogen Mission is a "significant step" towards achieving the country's net-zero targets and and will help in reducing input costs of clean energy source, besides generating lakhs of job opportunities in the renewable energy sector, experts say. The Union Cabinet on January 4 approved the National Green Hydrogen Mission, which aims to make India a global manufacturing hub and a clean source of energy. The objective of the Mission is also development of a production capacity of at least 5 MMT (Million Metric Tonnes) per annum with an associated renewable energy capacity addition of about 125 GW in the country by 2030. "I expect that the emphasis on demand creation, incentives and partnerships will kick-start the green hydrogen industry in the country and enable Indian companies to be on a level footing with the global energy suppliers. "The industry is ready to support India's clean energy transition," Sumant Sinha, Chairman and CEO, ReNew Power. Sinha, who is a
"Battery electric, hydrogen fuel cell and hydrogen ICE, could be the three technologies which have the potential of being zero emission and that are what we will have to work on," said Girish Wagh
The mission has proposed pilot projects for replacing fossil fuels and fossil fuel-based feedstocks with Green Hydrogen and its derivatives
Kant further said that there will be a renewed push for green development and climate finance, with the concept of Lifestyle for Environment (LiFE) woven in
L&T strongly believes its expertise in ammonia and hydrogen production makes it an 'ideal partner' for H2C in this venture
In terms of technical specifications, the Prome P390 delivers 92 kW of power with a peak operating efficiency of 60%
Firm says it will start with LNG-hydrogen platform; India to be a sourcing hub
The bidding process is part of a first phase of a $2 billion incentive plan announced last week to boost use of green hydrogen to cut emissions and make India a major exporter in the field
In the meantime, the firm is also in talks with other state municipalities across India to implement and set up similar plants in the future
Union New and Renewable Energy Minister R K Singh on Thursday said his ministry will come out with detailed guidelines and standards for making India a global hub for hydrogen manufacturing. The comment comes a day after the Union Cabinet approved the National Green Hydrogen Mission with an outlay of Rs 19,744 crore. "We will come out with a detailed order after clearance by the Cabinet," Singh said during a media interaction. The Mission is expected to attract Rs 8 lakh crore of investment to produce 5 million tonnes of green hydrogen per annum in the next five years. The incentives provided under the Mission are aimed at bringing down the cost of green hydrogen. "We have decided that electrolysers can be made in India. So, we have worked out the PLI (production linked incentive) scheme for their domestic manufacturing that will cover manufacture of 15 gigawatts (GW) capacity. But we expect the capacity to be established to be almost in the region of 60 GW (by 2030)," he added.
Plan to have four components; domestic manufacturing of electrolysers key focus area
NTPC recently signed separate MoUs with three of its OEMs - Mitsubishi Heavy Industries, GE and Siemens to explore the possibility of hydrogen blending at its gas units
It will also result in cumulative reduction in fossil fuel imports of over Rs 1 trillion and abatement of nearly 50 MMT of annual greenhouse gas emissions by 2030
'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha