While there are still many uncertainties as to the way in which hydrogen trade might evolve and change economic ties and political dynamics between countries, experts agree that green hydrogen can bring winds of change to the global energy arena. According to the International Renewable Energy Agency, significant geoeconomic and geopolitical shifts are just around the corner.
Indian renewable energy developer Hero Future Energies has partnered with US-based Ohmium International on the development of green hydrogen plants in India, the UK, and Europe with a cumulative electrolyzer capacity of 1 GW.
The plant at its Jorhat oilfield in Assam will produce green hydrogen using anion exchange membrane (AEM) technology.
The mission envisages commercial production of green hydrogen production in the nation from the financial year 2025-26 onwards.
The project would be a test case to assess the potential of solar-powered hydrogen to displace costly and polluting diesel-based energy generation systems in far-off regions of the country like Ladakh and Jammu & Kashmir.
Developed by Canada-based Hydrogen Optimized, the electrolyzer can be used to stabilize electrical grids and optimize energy recovery from intermittent renewable power sources such as solar and wind. Furthermore, this week four more big international partnerships for developing green hydrogen were announced across Germany, the Middle East, and Australia.
The Indian Renewable Energy Development Agency Ltd (IREDA) shall provide its techno-financial expertise to help Brahmaputra Valley Fertilizer Corporation Limited develop renewable energy, green hydrogen, green ammonia, and energy efficiency and conservation projects.
The private-sector power producer will group its renewable energy business under wholly-owned arm JSW Neo Energy as it targets growth in renewable energy generation, energy storage, and green hydrogen business.
The renewable energy developer is ready to invest INR 18,000 crore (US$ 2414.29 million) in setting up a 50 kilotonne per annum green hydrogen production plant in the State.
Out of this, investments totaling US$ 8.4 trillion would be needed by the power sector alone to significantly scale up generation from renewable energy and associated integration, distribution and transmission infrastructure. Another US$ 1.5 trillion would have to be invested in the industrial sector for setting up green hydrogen production capacity to advance the sector’s decarbonization. Investment needed for the mobility infrastructure would be US$ 198 billion.
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