Hero Future Energies signs $756 million MoUs with REC, PFC
Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) will extend INR 3,100 crore (($378 million) each to support Hero Future Energies’ upcoming renewable energy projects.
PFC signs MoUs for clean energy lending worth around $29 billion
Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Ltd, and Rajasthan Renewable Energy are amongst companies that signed the MoUs to raise funds for their clean energy projects.
Energy communities operating on hydrogen, batteries
Researchers in Spain have studied the impact of hydrogen production and storage technologies in risk management for energy communities with internal price-tariff systems. They found that the optimal involvement in futures markets and spot markets will depend on a community’s risk aversion and self-sufficiency.
Acme secures $488 million REC loan for green hydrogen, ammonia project in Oman
REC has also agreed to lend INR 21,000 crore for Acme’s 380 MW round-the-clock renewables plant, the first phase of Odisha and Tamil Nadu green ammonia projects, and 600 MWh of pumped hydro project.
HPCL building 370 tpa green hydrogen plant in Andhra Pradesh
Hindustan Petroleum Corp. Ltd (HPCL) is setting up a 370 tpa (tonnes per annum) green hydrogen plant at its Visakhapatnam Refinery in Andhra Pradesh.
Reliance Industries, BharatBenz unveil intercity luxury bus powered by hydrogen fuel cell
The intercity luxury coach, engineered by BharatBenz, runs on Reliance Industries’ hydrogen fuel cell technology.
The Hydrogen Stream: EU, Argentina, Chile, Uruguay to partner on hydrogen
The European Commission and the European Investment Bank have agreed to collaborate with Argentina, Chile and Uruguay on hydrogen, while Masdar, Mitsubishi and Inpex have said that they will use green hydrogen to produce e-methane and polypropylene.
The Hydrogen Stream: Hydrogen grid could cut Europe’s energy costs by 3.4%
German researchers say gas-grid retrofits for hydrogen transport, combined with power grid expansion, could decarbonize Europe’s economy, while S&P says the global ammonia trade could expand by nearly 10 times by 2050.
The Hydrogen Stream: Scientists use perovskite compound to store ammonia
Japanese scientists have developed an organic-inorganic halide perovskite compound for the chemical storage of ammonia (NH3), while Bosch is preparing to exhibit new products in the hydrogen value chain.
Tata Steel, UK to support low-carbon hydrogen projects for industrial decarbonization
The Indian steel giant, along with the UK government, has opened a call for innovative projects in low-carbon hydrogen to decarbonize the industrial sector. Two selected projects will be awarded £80,000 (INR 83 lakh) and provided priority access to Tata Steel’s integrated steel plant.
