Indian firm purchases American hydrogen cylinder maker Catalina Composites
New Delhi-headquartered Uttam Group of Companies has purchased California-based Catalina Composites as it sees a surge in demand for clean energy solutions, including hydrogen. The company will invest at least $20 million in staff, equipment, and research and development of high-pressure cylinder production for hydrogen and compressed natural gas.
Reliance Industries and US-based Chart Industries to lead India hydrogen alliance
Global and Indian industry players have created an India hydrogen alliance committed to building a hydrogen economy and supply chain in India. NYSE-listed hydrogen solutions provider Chart Industries and India’s Reliance Industries will act as co-leads of the coalition that aims to help develop hydrogen production and storage, industrial and transport use-cases.
The long read: Green hydrogen more than just a pipe dream
When coupled to gigawatt-scale solar and wind generation, green hydrogen could be the clean fuel to unlock hard-to-electrify sectors of the economy. But first it must be transported cost-effectively to where it’s needed.
BGR Energy Systems gets Irish ally to produce green hydrogen
Ireland’s Fusion Fuel Green would first set up a demonstrator plant for BGR Energy to generate cost-competitive green hydrogen. The plant would come up in Tamil Nadu’s Cuddalore district in the second half of 2021. It would then co-develop projects with BGR throughout India.
Cabinet approves India, France MoU on renewable energy
The Memorandum of Understanding entails joint research and development projects in solar, wind, hydrogen and biomass energy.
Ieefa proposes a three-pronged approach for grid firming
A new report discusses battery storage, green hydrogen, and flexible coal-fired power generation as key grid firming options for India as solar and wind are poised to form 51% of the nation’s total installed generation capacity by 2030.
IESA partners Norway’s Greenstat to support India’s hydrogen mission
India Energy Storage Alliance (IESA) and Greenstat Hydrogen India will collaborate on establishing a Norwegian Centre of Excellence on Hydrogen in India and supporting the development of green hydrogen technologies.
Solar system prices to rise – then fall – in 2021, with another record year anticipated
IHS Markit is predicting the world will add 30% more solar capacity this year.
World could add up to 194 GW of solar this year
Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.
IFC says green recovery could drive $2.5tn renewables market this decade
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
