With the Indian Army, NTPC Renewable Energy has inked a memorandum of understanding (MoU) to construct build-own-operate (BOO) green hydrogen projects in Army facilities. The goal is to hasten the decarbonization process while reducing complicated logistics and reliance on fossil fuels.
An infinite supply of this crucial fuel, green hydrogen may be produced directly from seawater by a number of research teams, decreasing the need for fresh water in the plants where it is produced.
Over the following ten years, the country’s growing interest in green hydrogen would result in investments totaling nearly 16 trillion rupees across the entire chain. The rising cost of its production, though, might put a damper on things.
According to the Union Minister of New and Renewable Energy (MNRE) and Electricity, R.K. Singh, India has launched a number of green hydrogen pilot projects in an effort to reach 8 million tons of green hydrogen capacity by 2030.
Hyundai Doosan Infracore (HDI) hopes to begin mass-producing its internal hydrogen combustion engine by 2025 after finishing its development and creating its prototype.
In order to make the green hydrogen industry competitive with other energy sources, the Indian government must work to reduce the cost of production of green hydrogen to as little as one-third of the existing costs.
GS Caltex Corp., a South Korean oil refiner jointly owned by Chevron and GS Group, announced a partnership with Korea South-East Power Co., Ltd. (KOEN) to establish a clean hydrogen value chain.
The “hydrogen power bidding market system,” a crucial component of the Yoon Seok-Yeol government’s hydrogen economy program introduced last year, has sparked a lot of interest from the business community.
A draft Memorandum of Understanding (MoU) between the National Energy Administration of China and the Saudi Ministry of Energy in the area of clean hydrogen energy was authorized by the Shoura Council. This came after the council’s Energy and Industry Committee had presented a report on the subject.
Industry-leading fuel cell technology has been attained by the Dongfeng Hydrogen H4 system. According to what is known, the Dongfeng hydrogen element H130, The One 2 fuel cell system is part of a new generation of fuel cell products for commercial and passenger use that uses a new design platform and has a 130% autonomy and localization rate for its basic components.
