Budget 2023-24 reaffirms government’s focus on domestic solar and battery manufacturing, green hydrogen
The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.
Gujarat targets 8mtpa green hydrogen production capacity by 2035
The state aims to emerge as a green hydrogen hub and decarbonize energy-intensive industries like fertilizers, steel, chemicals, and petroleum.
Rajasthan signs MoUs worth $14.85 billion for renewable energy, storage, and hydrogen projects
The State government has signed agreements for various giga-scale projects across renewable energy generation, solar manufacturing, pumped hydro storage, and green hydrogen.
Hydrogen as a sustainable alternative fuel for transport
At Hydrogen India Summit 2023, Black & Veatch pinpointed business models that will hasten India’s shift to cleaner fuels like green hydrogen.
Emerging investment opportunities in India’s renewable energy sector
Corporate decarbonization, value chain integration, wind-solar hybrid projects, battery energy storage, offshore wind, green hydrogen, and value-added offerings such as energy-as-a-service are key trends and technologies shaping up India’s renewable energy sector and offering ample scope for investments.
India approves National Green Hydrogen Mission
The Union Cabinet has approved the National Green Hydrogen Mission with an initial outlay of INR 19,744 crore ($2,385 million). The Mission aims to make India a global hub for the production, utilization and export of green hydrogen and its derivatives.
Larsen & Toubro lands power EPC job for green hydrogen plant in Saudi Arabia
The Indian multinational EPC contractor has secured the power grid and power generation works for the 600 tpd green hydrogen plant being built by NEOM Green Hydrogen Co. in Saudi Arabia.
Australia’s Cavendish Renewable signs hydrogen electrolyzer agreement with Adani arm
The Melbourne-based electrolyzer specialist has signed a technology development and licensing agreement with Adani New Industries Ltd.
COP27 was a crucial step forward for hydrogen – here’s why
Three import deals signed by the EU at Sharm El Sheikh during this month’s COP27 summit show the European Union is serious about harnessing green hydrogen for its heavy industry, and about distributing the fruits of the energy transition on an equitable basis.
Hydrogen, carbon prices and electricity markets
The hydrogen economy, particularly green hydrogen, has a long growth path ahead.
