Ballard Power Systems and Adani Group have teamed together to assess a potential joint venture in India’s hydrogen fuel cell industry.
According to the MOU, the two businesses will look at a range of collaboration opportunities, including the potential for working together to manufacture fuel cells in India.
As energy, industry, and transportation become more decarbonized, hydrogen is being recognized as a key medium. Adani wants to rank among the top green hydrogen producers in the world by stepping up its investments in renewable energy.
“Creating a shared fuel cell ecosystem in India is something we are thrilled to do in partnership with Ballard, a global leader in fuel cell technology. Our ability to construct a best-in-class green hydrogen value chain is crucial to facilitating the energy transition. Ballard, president, and CEO of the company said, “We supply novel use cases in fuel cell trucks, mining equipment, maritime, off-highway vehicles, and key industrial energy sectors.
Adani New Industries Limited (ANIL), a recently established Adani Enterprises subsidiary, would aid in the MOU initiative. ANIL will concentrate on producing green hydrogen, including downstream goods, green power generation, the manufacture of electrolyzers, and wind turbines, among other things. In a concentrated form, of course. Director Vneet S. Jaain of Adani New Industries Limited (ANIL) said:
Randy McEwen stated, “We are excited to work with Adani given Gautam Adani’s visionary leadership and the very complementary assets across the Group’s portfolio. Ballard sees India as a new market for growth, and we look forward to cooperating with the Adani Group to further the aims of energy transition and carbon reduction.
Rajasthan to implement green hydrogen policy
Shakuntala Rawat, the minister of industries for Rajasthan, declared on Friday that the state will introduce a green hydrogen policy first in the nation.
On Friday, as part of the Invest Rajasthan conference, Rawat spoke at the “Future Ready Sector Conclave”.
Rawat said in her speech that the state had experienced unparalleled growth in the sector of renewable energy.
The minister emphasized the efficient use of natural resources and stated that “Rajasthan is now the #1 state in the entire country in the field of solar energy.”
Additionally, Rawat stated that the state government will involve the business community in its consideration of the entrepreneurs’ recommendations and comments about the government’s policies.
A laudable accomplishment, according to Anurag Jain, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), is that Rajasthan has MoUs worth Rs 10 lakh crore. Additionally, he urged the investors to make investments in Rajasthan.
Arvind Mayaram, Chief Minister Ashok Gehlot’s economic adviser, urged business and government organizations to concentrate on artificial intelligence because it is anticipated that there would be 7.8 billion people using it by 2025.
Demand for hydrogen expected to rise to 8 million tons by 2030
The Center for Study of Science, Technology, and Policy (CSTEP), a think tank with offices in Bengaluru, has released a new paper that looks at the state of hydrogen technologies and imagines what an Indian hydrogen economy would look like in the future.
In particular, it pinpoints industries that might fuel hydrogen demand in the future and calculates how much hydrogen is most likely to be generated locally or transported from other production sites.
According to the report, the global demand for hydrogen is predicted to reach 8 to 8.8 million tons (Mt) by 2030 and 15 to 19 Mt by 2047. It concludes that while the need from the fertilizer and refinery industries will still remain, the increase of green hydrogen usage in industries like steel, heavy-duty transportation, and blending in city-gas-distribution (CGD) networks will be the main driver of hydrogen demand.
The country now has very little need for green hydrogen, and only the fertilizer and refinery industries use hydrogen.
However, this need is anticipated to increase with the use of hydrogen in the steel, heavy-duty transportation, and CGD blending industries.
As they move away from fossil fuels, the fertilizer and refinery industries are also projected to have some need for green hydrogen.
Two growth scenarios—high growth and medium growth—were examined in the study for the forecasts of total demand and supply.
In the high-growth scenario, it is anticipated that the demand for green hydrogen would increase from 2 Mt in 2030 to 9.6 Mt in 2047, making up over 50% of the entire hydrogen demand in that year.
The demand for green hydrogen is anticipated to increase from 0.9 Mt in 2030 to 4.4 Mt in 2047 under the medium-growth scenario. The report also reveals that electrolysis technologies will rule the market for producing green hydrogen, with a share of 80–90%.
Alkaline and PEM electrolysis is anticipated to be the two most widely used methods in electrolysis over time, according to the report. The study concludes that in the short term, modular, established systems, such as compressed or liquefied hydrogen, and ammonia, would be extensively used in the context of hydrogen storage and transportation, whereas in the long term, hydrogen pipelines are also expected to be a key component, potentially transporting over 45% of the hydrogen demand by 2047.
The analysis determined the total yearly expenses of transporting and storing hydrogen for both scenarios.
The overall yearly costs increase from INR 0.43 lakh crore in 2030 to INR 1.75 lakh crore in 2047 in the high-growth scenario.
The yearly costs increase from INR 0.27 lakh crore in 2030 to INR 1.15 lakh crore in 2047 2 under the medium-growth scenario.
The report suggests increasing residential electrolyzer production and producing hydrogen from biomass waste close to agricultural setups as steps toward a hydrogen economy in India in the future.
