ELECTROLYZERS
Adani Group to invest $100 billion in energy transition, says Gautam Adani
Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing the industry as well as transportation. Speaking at 'Infrastructure - the Catalyst for India's Future' event of Crisil, Adani Group chairman Gautam Adani said energy transition and digital infrastructure are trillion-dollar opportunities which will transform India both at a local and at a global scale.
By 2032, India infrastructure spending will surpass $2.5 trillion, says Adani
The Adani Group, he said, will invest over $100 billion (around ₹8.35 lakh crore) over the next decade in energy transition projects and in manufacturing every major component required for green energy generation. Adani Green Energy is building solar and wind parks. The group is also building facilities to manufacture electrolyzers to make green hydrogen, wind power turbines and solar panels.
Jakson Green wins NTPC order for setting up project to produce 4G ethanol from flue gas
Jakson Green secured a contract from NTPC to build a plant in Chhattisgarh producing 10 tonnes per day of 4G ethanol from power plant flue gases. Utilizing Veolia’s carbon capture technology, the plant will capture 25 TPD CO2 and produce 3 TPD green hydrogen. The project will be operational in two years.
Jakson Green secures Rs 60 crore funding from HSBC India
This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, the company said.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
Hydrogen-powered private jets can cut emissions — If they can get off the ground
A 2021 report found that some private jets emit two tons of CO2 per hour — at least five times more pollution per passenger than commercial flights. That’s 50 times worse than trains.
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GAIL's 10 MW green hydrogen plant in Madhya Pradesh inaugurated
India's largest natural gas transmission and distribution firm, GAIL (India) Ltd, has commissioned its maiden green hydrogen plant in Vijaipur, Madhya Pradesh. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex has been imported from Canada.
India showcases its green hydrogen potential at World Hydrogen Summit 2024 in Netherlands
India at World Hydrogen Summit 2024 presents progress on green hydrogen. Pavilion by Ministry of New and Renewable Energy highlights COP26 commitments. Aims for 45% emissions intensity reduction by 2030, striving for net-zero emissions by 2070.
Greenko Zero C to supply 500,000 tonnes of green ammonia to Norway's Yara Clean Ammonia
Deliveries to start from Kakinada from Q4 of CY26, Industry sources say contract size expected to be $1.5-$1.8 bn over 10 years. 5GW of renewable power and pump storage in Andhra Pradesh to back production
A clean technology trade war shows how empires fall
China produces 84% of the world’s solar modules and 86% of its lithium-ion batteries, as well as 67% of the nacelles that join wind turbines' blades to their towers, and 70% of electrolyzers for manufacturing green hydrogen.
India's first multi-purpose green hydrogen pilot project inaugurated
The project is the nation's first multi-purpose (combined heat and power) green hydrogen generation plant with the capability to cater to the high-velocity oxygen fuel (HVOF) coating facility of NJHPS to meet its combustion fuel requirements, in addition to generating electricity through its 25kW capacity fuel cell.
India can have a $78 billion green hygrogen electrolyzer market by 2050: Report
India's Green Hydrogen (H2) electrolyzer market is set to grow significantly, reaching $78 billion by 2050. This growth aligns with ambitious net zero targets, showcasing the pivotal role of Green Hydrogen in achieving decarbonization goals in Asia's industrial sectors.
ET Exclusive: RIL, Tata Motors and IOC to be key bidders for pilot GH2 project
The bid for the Rs 496-crore project which opened in February, closes on Thursday. It is part of the National Green Hydrogen Mission which was launched in January 2023 with an outlay of Rs 19,744 crore. One of the key criteria from the bidders is participation as a consortium or partners to ensure the entire value chain - from making hydrogen and dispensing it and running vehicles fuelled by hydrogen. The bidding consortium should include a vehicle manufacturer, hydrogen fuel supplier distributor, and other partners as required.
Reliance invests $125 billion in capex over the past decade. These were Ambani's top priorities
Reliance Industries invested heavily in hydrocarbon and telecom sectors, now transitioning to less capital-intensive projects like retail and new energy ventures. The report forecasts a shift towards higher returns and faster capex turns in the coming years.
Tracking economic growth! ICICI Bank, Reliance Industries top buy ideas for FY25: Siddhartha Khemka
After recent revisions, India’s real GDP grew by over 8% YoY for the third consecutive quarter in 3QFY24, pushing the full-year FY24 growth to 7.6%.
Presenting the winners of The ET Awards for Corporate Excellence 2023
The ET Awards recognize the most innovative and best-performing companies and honour people who have raised the bar for excellence. Watch it live on March 15.
L&T commissions indigenously built hydrogen electrolyzer at Hazira
Engineering major L&T commissions its first electrolyzer in Hazira, Gujarat, with a power capacity of 1 MW and the ability to produce 200 Nm3/Hr of hydrogen. The project is aligned with the National Green Hydrogen Mission, showcasing L&T as a key player in electrolyzer manufacturing.
India needs to grow at rapid rates to become $35 trillion economy: Amitabh Kant
India is projected to become the third-largest economy by 2027, according to the country's G20 Sherpa, Amitabh Kant. He emphasized the need for India to grow rapidly at 9-10% annually over the next three decades to achieve its goal of becoming a $35 trillion economy by 2047. Kant highlighted the importance of sustainable urbanization, improved agricultural productivity, and increased exports for India's future growth.
Hydrogen revenue jumps for world's biggest maker of shipping containers
Green hydrogen is viewed as crucial to decarbonising heavy industries including steel, cement and chemicals, as well as potentially playing a role in transport and clean energy storage.
Adani is too big to ignore! Why US brokerage sees 51% upside in Adani Enterprises
Cantor Fitzgerald initiates coverage on Adani Enterprises with an overweight rating and a target price of Rs 4,368, signaling a 51% upside potential. Adani Enterprises has limited analyst coverage despite being the 10th largest non-financial stock in India. The company has taken actions to reduce liquidity risk, improve governance, and increase transparency. Adani's airports, roads, and new energy businesses are expected to drive growth. The SOTP valuation values the three main businesses at Rs 3,419/share, with shareholders getting the other six businesses for free. Adani's green hydrogen ambitions could further propel shares higher.
IEA forecasts competitive e-fuels in aviation and shipping as supply expands: S&P GCI
The International Energy Agency (IEA) report reveals that renewable electricity capacity surge could lead to lower prices for sustainable e-fuels in the transport sector derived from electrolytic hydrogen. E-fuels, including e-ammonia and e-methanol, offer alternatives for hard-to-abate sectors like aviation and shipping. Government regulations are crucial for demand certainty of the 200 e-fuel projects. The report emphasizes the significant renewable electricity requirements and the need for electrolyzer capacity to produce enough hydrogen for e-fuels.
Torrent Power plans to raise up to Rs 650 crore via NCDs
Torrent Power is likely to raise up to Rs 650 crore through the issuance of non-convertible debentures (NCDs). The company is considering issuing the NCDs in tranches of two years, three years, and five years, market sources said. Axis Bank and Barclays are likely the arrangers of the issue.
India's energy shift: Major growth in renewables sets stage for a green 2024
Marking a significant milestone in India's green energy chronicle was the launch of the National Green Hydrogen Mission. The government's resolve in augmenting renewable energy was further underscored by its plan to infuse 50 GW of renewable energy capacity annually till FY28.
RIL's green energy biz to supply equipment for India: Analysts
Reliance Industries (RIL) is planning to invest Rs 75,000 crore in a new energy business over the next three years, with a focus on solar, batteries, and hydrogen. The company aims to reach 100GW of installation by 2030, 36% of India's total solar capacity of 280GW. It plans to build four giga factories to produce integrated solar PV modules, electrolyzers, fuel cells, and batteries for energy storage from the grid.
Torrent Power implementing green hydrogen pilot for blending in CGD
Torrent Power has announced the start of a Green Hydrogen pilot project in India. Over the next eight months, the project will blend approximately 2.5% Green Hydrogen (GH2) with natural gas in the city gas distribution network. Torrent Power aims to incorporate GH2 into its business operations and become a leading GH2 solution provider to industrial and commercial players.
Govt plans Rs 17,000 cr incentive scheme for electrolyzers, green hydrogen production: MNRE Secy Bhupinder Bhalla
The government has planned over Rs 17,000 crore in incentives to promote the manufacturing of electrolyzers and green hydrogen in the country, MNRE Secretary Bhupinder Singh Bhalla said on Wednesday. The government is already working with respective ministries to promote green hydrogen. The Ministry is also working on provision of incentives for electrolyzer manufacturing and for production of green hydrogen, Bhalla said.
BPCL teams up with BARC to scale up alkaline electrolyzer tech for green hydrogen production
BPCL’s research and development division is working with BARC to scale up alkaline electrolyzer technology for green hydrogen production. The cost of an alkaline electrolyzer can be potentially halved with some technological and economic innovations, said Bharat L Newalkar, chief general manager (R&D), BPCL.
Silicon Valley-based Ohmium raises $250 million for hydrogen technology
Some climate experts say burning hydrogen can substitute for burning coal, oil or gas, for example in making steel or cement - without contributing to climate change.
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