NTPC Ltd, India’s largest integrated power company, has secured a land lease agreement for the development of an integrated green hydrogen hub on 1,200 acres land in the Indian state of Andhra Pradesh. The agreement was signed between NTPC arm NTPC Green Energy Ltd (NGEL) and Andhra Pradesh Industrial Infrastructure Corp. (APIIC). NGEL will develop the green hydrogen hub on a land near the Pudimadaka village of Atchutapuram Mandal, Visakhapatnam.
The Pudimadaka green hydrogen hub will host world-class facilities for electrolyser and fuel cell manufacturing, related ancillary industries, start-ups, incubation, testing, production and export of green hydrogen and its derivatives (green ammonia/green methanol, etc). The project includes construction of India’s largest green hydrogen production facility (1,200 tpd), which will be converted into derivatives of hydrogen such as green ammonia and green methanol, primarily catering to various export market.
The European Hydrogen Bank has attracted 132 bids from projects in 17 European countries, surpassing the available €800 million ($866.2 million) budget. The bids for 8.5 GW of planned electrolyzer capacity could yield 8.8 million metric tons of renewable hydrogen over the course of a decade, said the European Executive Agency for Climate, Infrastructure and Environment (CINEA), which is currently evaluating their admissibility and eligibility. Applicants will receive evaluation results by May, and grant agreements will be signed by November 2024, with selected projects required to start renewable hydrogen production within five years.
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