In a long-term partnership to investigate the potential of the green hydrogen industry, France-based McPhy Energy and Larsen & Toubro (L&T) announced that they had signed a contractual deal for the manufacture of electrolyzers.
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In order to establish several decentralized green hydrogen production facilities in the state of Andhra Pradesh, Amplus Solar and the Andhra Pradesh government have signed a Memorandum of Understanding (MoU).
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.
