The deal covers green hydrogen development in Indonesia as well as the development of battery storage for renewable energy installations.
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According to Prime Minister Narendra Modi, Gujarat would grow into the largest green hydrogen center in the world and draw investments totaling $8–10 billion from around the globe for the development of green hydrogen and its ecosystem.
With an investment of $2.8 billion, Sinopec is implementing its plan to develop a massive green hydrogen project in Inner Mongolia in northern China.
The Singapore gasification plant for Linde Engineering has received all 46 process pipe rack modules that were ordered from Larsen & Toubro (L&T).
ACWA Power has signed a Memorandum of Understanding (MoU) with Thai government agencies to establish large-scale renewable-powered green hydrogen and derivatives production facilities at an investment of $7 billion.
According to the China National Coal Association, “green hydrogen,” accounted for only 1% of China’s hydrogen production in 2020 due to high costs and emerging technologies. Coal accounted for two-thirds of China’s hydrogen production, while natural gas-generated hydrogen, or “blue hydrogen,” accounted for the remaining 19%.
Crown Prince bin Salman signed several memorandums of understanding with Korean businesses about their cooperation in the development of hydrogen infrastructure.
Doosan Fuel Cell stated that it would establish a joint venture with China’s ZKRG Smart Energy Technology and sign a contract worth 346.9 billion won to deliver hydrogen fuel cells to ZKRG (JV).
By relying on design, propulsion technology, and the tools and information obtained while driving, Shanghai X-Idea Industrial Design Firm, the company that has already produced its first prototype, is committed to boosting safety.
Green hydrogen becomes important in this setting if emerging nations are to lower their emission intensity while maintaining the pace of economic expansion, according to scientists.
