REC Ltd will provide debt funding totaling INR 31,000 crore (over $3.7 billion) to support two green hydrogen projects in Odisha. This includes INR 16,000 crore to Acme Group and INR 15,000 crore to Avaada.
Hygenco Green Energies will construct and operate a 100% green hydrogen production plant in Maharashtra for supply to Sterlite Technologies Ltd’s glass preform plant located in Aurangabad.
India and Saudi Arabia have agreed to cooperate to co-develop projects, co-produce green/clean hydrogen and renewable energy, and establish secure, reliable, and resilient supply chains of materials used in green/clean hydrogen and the renewable energy sector.
Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
NTPC Green Energy Ltd and Syama Prasad Mookerjee Port have signed a memorandum of understanding for the development of a green hydrogen hub at the Kolkata port.
ABB has secured a complete power, propulsion, and automation systems order for Samskip Group’s hydrogen-powered container vessels. Built by Cochin Shipyard Ltd, the largest shipbuilding and maintenance facility in India, these vessels are among the first in the world to demonstrate the potential of hydrogen fuel cells as a clean and renewable fuel source.
Mexican researchers have revealed test results for offshore wind-based hydrogen production, while Turkey has started negotiating hydrogen facility partnerships with the United Arab Emirates.
Hygenco develops end-to-end green hydrogen and green ammonia assets on a build-own-operate and build-own-operate-transfer basis.
The steel industry in India will replace around 25-30% of its grey hydrogen requirements with green hydrogen in the early part of the 2030-50 period. This will increase to 80% by 2050, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics.
Adani New Industries Ltd (ANIL), an arm of Adani Group, expects to start green hydrogen production from its Gujarat facility by FY 2027.
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