Business Standard

Saturday, December 21, 2024 | 12:54 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Hydrogen

Ashoka Buildcon to invest Rs 9,000 cr in green hydrogen plant in Bihar

Construction engineering company Ashoka Buildcon plans to invest Rs 9,000 crore in setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said Friday. The company signed a memorandum of understanding with the state government, committing to investing in the plant, during the Bihar Business Connect 2024. The Maharashtra-based firm is in highway construction, power distribution and solar projects. Sharma said the company will set up a 1,250 MW solar project and use the clean electricity to produce green hydrogen by splitting water. "The first phase of the plant is being planned at Begusarai (in Bihar)," he said. Green hydrogen is the cleanest known source of energy, which produces just water from being burnt. Sharma said the first phase of the project will take 1.5-2 years to commission from the date of receiving all clearances. The second phase will follow thereafter. According to the latest presentation on the company website, Ashoka Buildcon had an

Ashoka Buildcon to invest Rs 9,000 cr in green hydrogen plant in Bihar
Updated On : 20 Dec 2024 | 3:44 PM IST

India needs greater support to achieve 2030 clean energy goals: Report

GH2 will not be cost-competitive with natural gas-based grey hydrogen until after 2050, as per the report. Current subsidies cover only 5 per cent of the cost gap and will run out before 2030

India needs greater support to achieve 2030 clean energy goals: Report
Updated On : 18 Dec 2024 | 12:07 AM IST

Reliance, ReNew, others submit bids under green hydrogen transition scheme

As many as 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution, and Avaada Green H2 have submitted bids under the green hydrogen transition scheme. The maximum benefits available under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II) is Rs 5,400 crore. According to a statement by the bid coordinator, Solar Energy Corporation of India (SECI), the technical bids for incentives for green hydrogen production capacity of about 4,50,000 tonnes under the second tranche of the scheme was opened on Monday. The scheme provides for maximum benefit of Rs 50 per kg in the first year, Rs 40 per kg in the second year, and Rs 30 per kg in third year. Thus, the maximum benefit available under the Tranche II is about Rs 5,400 crore. Under the bucket I, the SECI received bids for 6,20,000 tones against the available capacity of 4,50,000 tonnes. Similarly, under the bucket II, bids for 6,500 tonnes we

Reliance, ReNew, others submit bids under green hydrogen transition scheme
Updated On : 11 Dec 2024 | 8:06 PM IST

3,000 MW electrolyser manufacturing capacity coming up in India, says govt

India is in the process of providing viability gap funding for electrolyser manufacturing capacity of about 3,000 MW per annum to boost green hydrogen production in the country, Parliament was informed on Tuesday. This assumes significance as India had launched the National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore in January 2023. The Mission aims to develop green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country. "For Electrolyser Manufacturing, contracts have been awarded/are under process for a capacity of 3,000 MW per annum," Minister of State for New & Renewable Energy Shripad Yesso Naik said in a written reply to Rajya Sabha. He further said for Green hydrogen production, capacity has been awarded for 4,12,000 tons per annum. The Mission also aims to attract over Rs 8 lakh crore in total investments and creation of over six lakh jobs with

3,000 MW electrolyser manufacturing capacity coming up in India, says govt
Updated On : 10 Dec 2024 | 6:35 PM IST

TKIL Industries makes green foray with investment in Swiss company

Aims for giga-scale capacity in five years, with Rs 1,500-2,000 crore investment

TKIL Industries makes green foray with investment in Swiss company
Updated On : 03 Dec 2024 | 10:28 PM IST

Hyderabad's BluJ Aerospace aims for hydrogen-powered air taxis by 2030

The eVTOL startup is scheduled to launch an air taxi service, connecting major cities in under 39 minutes by 2030, while also developing a zero-emission cargo aircraft set for debut by 2026

Hyderabad's BluJ Aerospace aims for hydrogen-powered air taxis by 2030
Updated On : 30 Oct 2024 | 6:02 PM IST

Ashok Leyland to launch first H2- powered truck in the next 2 years

On Monday, the company commenced the delivery of the largest single order of electric trucks in India to Billion Electric Mobility, a member of Group BillionE

Ashok Leyland to launch first H2- powered truck in the next 2 years
Updated On : 07 Oct 2024 | 11:16 PM IST

Indian Railways to begin trials of India's first hydrogen train in Dec 2024

Indian Railways has collaborated with Germany's TUV-SUD for a safety audit of its first hydrogen train, with trial operations set for December 2024, marking a green transport milestone

Indian Railways to begin trials of India's first hydrogen train in Dec 2024
Updated On : 04 Oct 2024 | 3:48 PM IST

UP secures Rs 1.15 trillion worth investment in green hydrogen sector

The Yogi Adityanath government has set a target of 1 million tonnes per year for green hydrogen or green ammonia production by 2029

UP secures Rs 1.15 trillion worth investment in green hydrogen sector
Updated On : 20 Sep 2024 | 4:15 PM IST

India, US for giving push to sustainable aviation fuel, hydrogen in buses

India and the US have agreed to give impetus to sustainable aviation fuel, promote electrification of medium and heavy-duty vehicles and use of hydrogen in buses, tractors and heavy equipment, said a joint statement issued after the Strategic Clean Energy Partnership dialogue between the two nations. The two nations "welcomed increased investment in each country's clean energy markets," according to the statement issued after the Strategic Clean Energy Partnership (SCEP) Ministerial convened by US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington DC on Monday. "While recognising the need to work towards a just, orderly and sustainable energy transition, which prioritises access to reliable, affordable, and clean energy supplies, the (two) sides welcomed the important role that energy trade plays in supporting the national priorities of both countries," the statement said. The two countries highlighted the importance

India, US for giving push to sustainable aviation fuel, hydrogen in buses
Updated On : 17 Sep 2024 | 2:01 PM IST

Climate change imminent, focus on areas like Green Hydrogen needed: PM Modi

Prime Minister Narendra Modi on Wednesday stressed on the need to focus on new areas of energy transition like Green Hydrogen to deal with climate change saying it is not a matter of future rather it calls for an action now. Addressing through a video message the 2nd International Conference on Green Hydrogen India 2024, Modi said, "There is a growing realisation that climate change is not just a matter of the future. The impact of climate change is being felt here and now. The time for action is also here and now." He was of the view that energy transition and sustainability have become central to global policy discourse. He noted that Green Hydrogen is emerging as a promising addition to the world's energy landscape and it can help in decarbonizing industries that are difficult to electrify. Refineries, fertilizers, steel, heavy-duty transportation -- many such sectors will benefit, he pointed out. Green Hydrogen can also act as a storage solution for surplus renewable energy, h

Climate change imminent, focus on areas like Green Hydrogen needed: PM Modi
Updated On : 11 Sep 2024 | 2:21 PM IST

Essar Energy Transition, SSE partner for 40MW green hydrogen project

Essar Energy Transition (EET) teamed up with UK gas-fired power generator SSE to build a 40 MW green hydrogen project in northwest England, the firm said on Tuesday. "SSE and EET Hydrogen have begun development work on the innovative project at the Stanlow Manufacturing Complex in Ellesmere Port in Cheshire," the firm said in a statement. Known as Gowy Green Hydrogen, it takes its name from the River Gowy and nearby Gowy Meadows Nature Reserve. The initial expected 40 MW facility will deliver hydrogen to industrial offtakers in the region to support them to decarbonise their operations, helping to secure and grow jobs in the region. Gowy Green Hydrogen could be operational as early as 2028, with feasibility studies completed and design and site investigation works underway, the statement said without giving financial details. "A planning application is expected to move forward in 2025 ahead of any final investment decision being made by the two parties," it said. The UK has a str

Essar Energy Transition, SSE partner for 40MW green hydrogen project
Updated On : 10 Sep 2024 | 8:09 PM IST

Gensol-Matrix consortium wins Rs 164 crore for first bio-hydrogen project

It announced they have emerged as the lowest bidder for the EPC of India's first biomass to green hydrogen project.

Gensol-Matrix consortium wins Rs 164 crore for first bio-hydrogen project
Updated On : 03 Sep 2024 | 7:47 PM IST

Tamil Nadu CM lays foundation stone for Sembcorp's green ammonia plant

The Singapore-headquartered Sembcorp will produce 200,000 metric tonnes per annum of green ammonia for overseas shipment to Japan

Tamil Nadu CM lays foundation stone for Sembcorp's green ammonia plant
Updated On : 21 Aug 2024 | 10:56 PM IST

Gensol, Matrix Gas win Rs 450 cr PLI scheme for hydrogen electrolyser mfg

Gensol, Matrix Gas emerged as the winning consortium for a 237 MW hydrogen electrolyser manufacturing capacity PLI scheme, part of India's National Green Hydrogen Mission

Gensol, Matrix Gas win Rs 450 cr PLI scheme for hydrogen electrolyser mfg
Updated On : 14 Aug 2024 | 11:18 AM IST

Tata Steel, Welspun jointly develop hydrogen-compliant grade steel pipes

Tata Steel and Welspun Corp have jointly developed hydrogen-compliant grade steel pipes for transportation of the gaseous hydrogen, a statement said on Friday. The development assumes significance as hydrogen transportation is critical for its usage in different sectors. "Tata Steel and Welspun Corp achieved the significant milestone of developing hydrogen compliant API X65 grade pipes, which successfully surpassed all necessary critical sour service and fracture qualification tests for transportation of 100 per cent pure gaseous hydrogen under high pressure at RINA, Italy," Tata Steel said in a statement. Tata Steel and Welspun Corp have become the first Indian companies to produce electric resistance welded (ERW) pipes for transportation of gaseous hydrogen, it said. In 2022, Tata Steel and Welspun Corp entered into a memorandum of understanding (MOU) to develop hydrogen-compliant API-grade pipes through the ERW Pipe route. As part of the partnership, Tata Steel said it has supp

Tata Steel, Welspun jointly develop hydrogen-compliant grade steel pipes
Updated On : 02 Aug 2024 | 7:51 PM IST

Saudi Aramco signs pact to buy 50% of APQ's blue hydrogen business

Financial details of the transaction for Blue Hydrogen Industrial Gases Company (BHIG) were not disclosed, but Aramco said the deal includes options for it to buy hydrogen and nitrogen

Saudi Aramco signs pact to buy 50% of APQ's blue hydrogen business
Updated On : 16 Jul 2024 | 9:50 PM IST

MNRE issues incentive guidelines for green hydrogen producers under SIGHT

The renewable energy ministry has issued guidelines for providing incentives to green hydrogen producers under SIGHT scheme. The guidelines for implementation of Tranche-II under Strategic Interventions for Green Hydrogen Transition (SIGHT) programme were notified by the ministry on July 3, 2024. The capacity of Tranche-II will be 450,000 tonne per annum (TPA) of green hydrogen, with 40,000 TPA capacity reserved for biomass-based pathways (bucket- II) and the rest for technology agnostic pathways (bucket-I), a statement by Ministry of New & Renewable Energy said. Solar Energy Corporation of India (SECI) is the implementing agency for this tranche as well. The Request for Selection (RfS) shall be issued by SECI shortly. The bidding shall be based on the least average incentive quoted by the bidder. The minimum bid under bucket-I is 10,000 TPA while the maximum bid is 90,000 TPA. The minimum bid capacity in bucket-II is 500 TPA and the maximum capacity is 4000 TPA. A bidder can bid

MNRE issues incentive guidelines for green hydrogen producers under SIGHT
Updated On : 05 Jul 2024 | 5:49 PM IST

World Bank approves $1.5 bn loan to support India's green hydrogen push

This is the second round of funding from the World Bank towards India's green energy push

World Bank approves $1.5 bn loan to support India's green hydrogen push
Updated On : 29 Jun 2024 | 12:39 PM IST

Essar to invest Rs 30,000 cr in green hydrogen plant in Gujarat over 4 yrs

Essar Group plans to invest Rs 30,000 crore over the next four years in setting up a green hydrogen plant at Jamnagar in Gujarat as the metals-to-infrastructure conglomerate eyes clean energy as a key pillar for its new phase of growth. The conglomerate is looking to decarbonise its oil refinery in the UK, construct a green steel plant in Saudi Arabia, and build an LNG and electric ecosystem to decarbonise long-haul heavy trucks, Prashant Ruia, director of Essar Capital, which manages the group's portfolio of investments, said. It is also considering an entry into mining of critical minerals, mainly used in electric vehicle batteries, solar panels and wind-turbine magnets. Essar Future Energy plans to develop 1 gigawatt of hydrogen capacity along with associated green molecules capacity of 1 million tonne per annum in Jamnagar over the next four years, he said in an interview with PTI. "We are going to invest around Rs 30,000 crore (in the green hydrogen project in Jamnagar)," he .

Essar to invest Rs 30,000 cr in green hydrogen plant in Gujarat over 4 yrs
Updated On : 16 Jun 2024 | 12:33 PM IST