A BloombergNEF study estimates India’s energy sector investment and spending under its net-zero scenario at $12.4 trillion over 2024-50, 34% (or about $3 trillion) higher than in the economic transition scenario.
The three-day event in New Delhi will bring together thought leaders, policymakers, industry experts, and innovators from around the world to explore the latest advancements in green hydrogen technology.
Uniper says it has launched its Hydrogen Pilot Cavern (HPC) Krummhörn plant in Germany with nearly 500,000 cubic meters of green hydrogen storage, while Air Liquide has inaugurated a 20 MW electrolysis plant in Oberhausen, Germany.
Solar Energy Corp. of India (SECI) has allocated 1.5 GW of capacity to eleven companies in its second electrolyzer manufacturing tender.
Advait Energy Holdings has invested in the Norwegian company TECO 2030 that develops PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules. Post this initial tranche of investment, it holds 2.63% shares of TECO 2030.
Hygenco Green Energies and Mitsubishi Power have joined hands for delivering green hydrogen-/ammonia-fired gas turbine combined cycle (GTCC) power plants. Hygeno will develop and deploy green hydrogen and green ammonia production assets to supply green fuel for Mitsubishi Power’s GTCC technology to the potential customers.
Reliance Industries expects to commission its first train of solar module and cell manufacturing at Jamnagar within the current fiscal year.
Tata Consultancy Services (TCS) has expanded its partnership with Rolls-Royce to research hydrogen fuel system technology for enabling use of hydrogen in aviation.
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
The funding scheme, with a total budgetary outlay of INR 200 crore till FY 2025-26, will support the development of robust quality and performance testing facilities to ensure quality, sustainability, and safety in green hydrogen production and trade.
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