Daily news roundup: Mecwin and KVG Bank partner on solar pump finance, Adani’s new energy arm
Bengaluru-based Mecwin Technologies Ltd and Karnataka Vikas Grameena Bank (KVGB) have partnered to finance solar pump-sets for farmers. Adani has formed a new energy arm called Adani New Industries Limited (ANIL).
Draft of National Green Hydrogen Mission under inter-ministerial consultations
The mission envisages commercial production of green hydrogen production in the nation from the financial year 2025-26 onwards.
Ohmium ships its first ‘made in India’ hydrogen electrolyzer to USA
USA-headquartered Ohmium International, through its subsidiary in India, manufactures modular-interlocking proton exchange membrane (PEM) electrolyzers for hydrogen production. The company aims to make India a nucleus for global hydrogen-based green energy solutions with R&D centers in Silicon Valley (USA) and Bengaluru (India).
Grid-scale battery storage and green hydrogen market shaping up in India
India has seen substantial activity in the domestic battery storage and green hydrogen markets, from the entry of Reliance and Acme Solar in green hydrogen to gigawatt-scale battery storage tenders by NTPC and the Solar Energy Corporation of India (SECI). There are more private ventures in the offing, indicating the government’s policy push is in the right direction.
Danish electrolyzer firm Stiesdal next in Reliance new energy plans
Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
India planning to call bids for 4 GW electrolyzer capacity
Currently, the cost of producing green hydrogen ranges from 3.6 to 5.8 USD/kg depending on the renewable energy mix and electrolyzer technology. Scaling the electrolyzer production globally will help drive down green hydrogen costs.
American firm launches 2 GW electrolyzer fab in India
The giga-scale factory, located in the Bengaluru city of Karnataka, will initially have the capacity to manufacture about 500 MW of electrolysis equipment per annum.
