Advait Energy Transitions Limited (AETL) has formalized a Memorandum of Understanding (MoU) with Haryana City Gas Distribution Limited for the development of a 2000 metric tonnes per annum (MTPA) green hydrogen plant. The initiative signals a push towards establishing a sustainable energy framework and could bolster the industrial adoption of green hydrogen applications.
Data from the International Energy Agency (IEA) underscores the promising trajectory of green hydrogen. Globally, green hydrogen production, through methods such as electrolysis powered by renewable energy, is set to reach approximately 29 million tonnes annually by 2030. However, it must combat challenges, notably scalability and cost-efficiency.
AETL’s strategic agreement will include the supply of 15MW alkaline-based electrolysers, comprehensive turnkey EPC solutions, and Balance of Plant systems. Moreover, AETL is tasked with the operational oversight and maintenance management post-commissioning, reflecting a robust commitment to system reliability.
Advait Energy’s market maneuver pivots on the dual promise of decentralization and decarbonization. Not only will the collaboration look into enhancing industrial and commercial applications of green hydrogen, but it also emphasizes ancillary benefits. A point of interest is the project’s exploration into green ammonia generation, signaling a potential leap in tackling emission challenges within the agricultural sector, where ammonia is a critical input.
From a financial vantage, the inclusion of carbon credits in the consultancy scope offers a tactical advantage. The global carbon trading market is projected to expand significantly, providing developing economies like India a financial incentive for green project implementation and a viable route to attain the nation’s net-zero targets. Carbon pricing could become an essential mechanism for projects of this nature, driving additional investments into the sector.
AETL’s venture illustrates a burgeoning shift within the energy domain. However, questions linger about the economic feasibility of sustained operations beyond the initial year, particularly with regard to green hydrogen’s competitiveness against traditional energy sources. This aspect merits close observation as infrastructure needs predicate substantial investment, something critical to achieving cost-parity with conventional fuels.
