Browsing: India

Green Hydrogen H2 News

Prasanta Sarkar made the decision to stay behind and work on a problem while on a lengthy backpacking trip through India. He joined Entrepreneur First and immediately clicked with Rochan Sinha. They jointly established Newtrace in 2020 to create a new category of “membrane-less” electrolyzers and to make a dent in the market for “green hydrogen,” which at the moment only accounts for a tiny fraction of the 6 to 7 million tonnes of hydrogen produced in the nation each year, all from fossil fuels.

Green Hydrogen H2 News

A formal agreement was made in Mumbai by Kris Peeters, Vice President of the European Investment Bank (EIB), the bank of the European Union, to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects throughout India with an indicative funding of EUR 1 billion, subject to Indian Government and EIB approvals.