Global and Indian industry players have created an India hydrogen alliance committed to building a hydrogen economy and supply chain in India. NYSE-listed hydrogen solutions provider Chart Industries and India’s Reliance Industries will act as co-leads of the coalition that aims to help develop hydrogen production and storage, industrial and transport use-cases.
When coupled to gigawatt-scale solar and wind generation, green hydrogen could be the clean fuel to unlock hard-to-electrify sectors of the economy. But first it must be transported cost-effectively to where it’s needed.
Ireland’s Fusion Fuel Green would first set up a demonstrator plant for BGR Energy to generate cost-competitive green hydrogen. The plant would come up in Tamil Nadu’s Cuddalore district in the second half of 2021. It would then co-develop projects with BGR throughout India.
The Memorandum of Understanding entails joint research and development projects in solar, wind, hydrogen and biomass energy.
A new report discusses battery storage, green hydrogen, and flexible coal-fired power generation as key grid firming options for India as solar and wind are poised to form 51% of the nation’s total installed generation capacity by 2030.
India Energy Storage Alliance (IESA) and Greenstat Hydrogen India will collaborate on establishing a Norwegian Centre of Excellence on Hydrogen in India and supporting the development of green hydrogen technologies.
IHS Markit is predicting the world will add 30% more solar capacity this year.
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.
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