While the first quarter of 2024 has shown a significant and potentially transformative rise in climate-tech funding, the sustainability of this growth remains uncertain.
Manufacturers now have until May 31 to submit bids for setting up electrolyzer manufacturing capacities in India under the second round of the government’s Strategic Interventions for Green Hydrogen Transition (SIGHT) program.
Hydrogen, often lauded as a beacon of hope in the quest for a low-carbon future, stands at a pivotal crossroads. As the world grapples with the dual challenges of escalating energy demands and climate change, hydrogen presents a unique opportunity to harmonize industrial development with environmental stewardship. However, its path is fraught with complexities and obstacles that require careful navigation.
Greenko ZeroC will supply up to 50% of renewable ammonia from Phase 1 of its ammonia production facility in Kakinada.
INOX Air Products will build and operate a green hydrogen plant with a capacity of 190 tonnes per annum (TPA). The plant will supply 95 TPA of green hydrogen to Asahi India’s float glass manufacturing facility in Rajasthan in the first phase.
Hygenco aims to produce 1 million tonnes per annum (MTPA) of green ammonia from its plant at Tata Steel SEZ’s Gopalpur Industrial Park in Odisha. The project’s initial phase is set for commissioning by December 2026.
The Korea Institute of Energy Research has developed a solid oxide electrolysis cell stack that uses a special kind of separator plate to ensure proper flow of hydrogen and oxigen after water splitting. Samsung Electro-Mechanics and Bumhan Industries are now cooperating with the research center to improve relevant manufacturing process.
The green ammonia project to be developed in Paradip, Odisha, will have a green ammonia production capacity of around 100,000 tons per year by 2030. JERA will be the offtaker for the project.
The electrolyzer market in India to supply green hydrogen for steel, ammonia, and methanol industries will soar from $4 billion in 2030 to $78 billion by 2050 if the nation stays on track to achieve its declared net zero target.
The Ministry of New & Renewable Energy, Government of India, has extended the deadline for submission of R&D proposals under National Green Hydrogen Mission, to April 27, 2024.
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