Adani New Industries Q1 revenue up 209% YoY
Adani New Industries Ltd recorded a revenue of INR 1,898 crore ($229 million) in the first quarter of FY 2023-24, 209% up year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 7.5 times to INR 355 crore as export volumes surged 19 times.
The Hydrogen Stream: Germany to use hydrogen ‘in all sectors’
The German authorities have announced plans to double domestic electrolysis capacity to 10 GW by 2030, BloombergNEF has reported that green hydrogen became competitive with gray hydrogen earlier than expected, and Chinese researchers have presented new research on microbial hydrogen production.
GreenH building 1 GW electrolyzer fab in India
The company’s manufacturing plant in Haryana will produce proton exchange membrane (PEM) electrolyzers based on the technology from its Spanish parent firm H2B2 Electrolysis. The plant will start production by October.
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.
Hild Electric signs 600 MW alkaline electrolyzers deal with NTPC
NTPC, India’s largest power company, will use Hild Electric’s green hydrogen production technology to decarbonize energy, transport and ammonia projects.
India tenders 1.5 GW of electrolyzer manufacturing under incentives scheme
The Solar Energy Corp. of India (SECI) has launched the tender to set up 1.5 GW of electrolyzer manufacturing capacity in India under the government’s incentives scheme.
India drafts R&D roadmap for green hydrogen ecosystem
The draft R&D roadmap recommends research and development actions for each part of the green hydrogen value chain, including hydrogen production, storage, transport, and end-use applications.
Govt releases incentive guidelines for green hydrogen, electrolyzer production
The Ministry of New and Renewable Energy (MNRE) has notified the guidelines for its incentive schemes to promote the domestic production of green hydrogen and electrolyzers.
