JSW Energy will set up a 3,800 tonnes per annum (tpa) green hydrogen plant for supply to JSW Steel. Green hydrogen production at the plant will be powered by 25 MW of renewable energy.
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.
Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) committed debt funding of $3.9 billion each.
India can gain an edge in green hydrogen by focusing more on making its production accessible and affordable. Using the distributed business model and building an enabling regulatory framework will stimulate wider acceptance.
Avaada has signed an agreement with REC for INR 20,000 crore (around $2.44 billion) investment to fund its multiple projects over the next five years.
JSW Energy targets to become a 20 GW power generation company along with 40 GWh/5 GW of energy storage by 2030. It is also investing in solar manufacturing and green hydrogen production.
European Investment Bank (EIB) Vice-President Kris Peeters will confirm a EUR 1 billion loan for India’s National Green Hydrogen Mission on his four-day business visit to India this week.
NTPC, India’s largest power company, will use Hild Electric’s green hydrogen production technology to decarbonize energy, transport and ammonia projects.
The Solar Energy Corp. of India (SECI) is accepting bids to set up green hydrogen production capacity of 450,000 metric tonnes per year in India under the government’s incentives scheme.
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.
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