Electrolyser cost, efficiency improvement critical for achieving cost viability of green hydrogen
The prevailing levelised cost of Green Hydrogen (LCOH) is 1.75 times that of grey hydrogen and 1.50 times that of brown hydrogen, posing a significant barrier to its adoption. Achieving economic viability of Green Hydrogen to around $2.1 per kg requires a 35%-40% drop in electrolyser prices and a 12%-14% improvement in efficiency apart from supportive policies, says a new report by CareEdge Ratings.
The Hydrogen Stream: NTPC’s green hydrogen buses start running in Leh
The green hydrogen mobility project at Leh comprises in-situ 1.7 MW solar plant, green hydrogen filling station of 80 kg/day capacity, and five hydrogen intra-city buses.
U.S. Congressmen introduce bill to block implementation of 45X tax credit
Congressmen John Moolenaar and Jared Golden introduced a new bill that aims to halt advanced manufacturing tax credits.
Northvolt CEO steps down following bankruptcy filing
Company co-founder Peter Carlsson steps down from CEO position at Northvolt in the wake of Chapter 11 announcement in the United States. The Swedish battery maker has embarked on a debt restructuring process and is seeking new sources of funding.
The Hydrogen Stream: ACME Cleantech, BASF sign agreement to supply green ammonia to Europe
ACME Cleantech and BASF have also signed a Memorandum of Understanding (MoU) to explore further collaboration in the green ammonia business.
Renewables (including large hydro) share reaches 45% in India’s cumulative installed power capacity
India’s installed power generation capacity hit 453 GW as of September 2024 with renewables (including large hydro) contributing 45%.
Avaada signs MoU to develop 1.2 GW pumped storage project in Rajasthan
Avaada Group will develop a 1.2 GW pumped storage project in Rajasthan with a total investment of around INR 5,800 crore over the next five to seven years.
NGEL, NREDCAP tie up for 25 GW of renewable energy projects in Andhra Pradesh
NTPC Green energy Ltd (NGEL) and New and Renewable Energy Development Corp. of Andhra Pradesh (NREDCAP) have entered a joint venture agreement to develop 25 GW of renewable energy projects, 0.5 mmtpa of green hydrogen and derivatives projects, and 10 GW of pumped hydro projects in the state.
ReNew Q2 profit up 31% YoY
ReNew Energy Global (ReNew) has reported a total income (or total revenue) of INR 29,887 million ($357 million) and net profit of INR 4,939 million ($59 million) for the second quarter of FY 2024-25.
The Hydrogen Stream: SECI, H2Global to collaborate on green hydrogen initiatives
The collaboration will focus on enhancing knowledge exchange on market-based mechanisms and fostering cooperation between India and renewable hydrogen importing countries.
