Indian Railways (IR) will spend $335 million on 35 new hydrogen trains that will travel over many of the country’s narrow-gauge “heritage” routes, making it the largest hydrogen train operator in the world.
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.
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.
