Browsing: Asia

After being accused of “brazen fraud,” Gautam Adani’s companies, which are building some of India’s most ambitious renewable energy and hydrogen projects, had their stock market prices plummet.

German industry is losing ground to Chinese competitors in the future market for electrolysis equipment for the hydrogen economy, according to data from the German Economic Institute (IW).

This year, the government will provide a total of 16,920 hydrogen-powered automobiles with subsidies. In the case of hydrogen passenger cars, the supply of hydrogen vehicles will be increased significantly by providing a subsidy of 30 million won per unit, which includes local and governmental costs.

Using only domestic technology, South Korea Power Generation has begun to develop hydrogen combustion technology for massive gas turbines.

The billionaire Gautam Adani’s company hopes to sell out sectors like hydrogen, airports, and data centers between 2025 and 2028 if they satisfy certain investment requirements, according to Chief Financial Officer Jugeshinder Singh.

India’s National Green Hydrogen Mission, a $2.4Bn incentive scheme, approved green hydrogen proposals last.

By 2035, Gujarat, an Indian state, wants to have installed a manufacturing capacity for green hydrogen of about 8 mtpa.

For initiatives involving renewable energy, storage, and green hydrogen, the state government of Rajasthan has signed Memorandums of Understanding (MoU) with a number of private sector and state-owned businesses. A total of at least $14.85 billion in investments were made by these companies.

The Indian government intends to expand export benefits under the Remission of Duties and Taxes on Export Products (RoDTEP) policy to local green hydrogen fuel manufacturers in an effort to become a major provider of clean fuel, according to Reuters.

Shipping has been selected as a sector for pilot projects under India’s recently created National Green Hydrogen Mission (NGHM), with New Delhi allocating an initial $2.5 million for a range of trailblazing initiatives that will include a look at the steel sector.