The green hydrogen hub is being jointly developed by NTPC Green Energy Ltd, the renewable arm of NTPC, and New & Renewable Energy Development Corp. of Andhra Pradesh (NREDCAP), the state nodal agency for implementation of renewable programme in Andhra Pradesh.
The project will be one of India’s largest integrated green hydrogen production facilities with a capacity to produce 1,500 tpd green hydrogen and 7,500 tpd green hydrogen derivatives (including green methanol, green urea and sustainable aviation fuel).
The demand for renewable energy project managers, battery storage specialists, and wind energy technicians is set to grow significantly in 2025. Additionally, positions in solar plant operations, maintenance, and technical roles will remain highly sought after.
BloombergNEF says green hydrogen will fall from a current range of $3.74/kg to $11.70/kg to between $1.60/kg and $5.09/kg by 2050, while Longi Hydrogen has secured a conditional $6.14 million equity investment and cooperation agreement with HydrogenPro.
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The widespread adoption of hydrogen energy has the potential to reduce India’s annual greenhouse gas emissions by 50 million tonnes by 2030. This transition will not only contribute significantly to global climate goals but also drive economic growth through job creation, increased energy security, and enhanced industrial competitiveness.
NTPC will set up a green hydrogen fuelling station in Bhubaneswar and provide hydrogen buses for short-haul and long-haul operation.
Ashoka Buildcon, HPCL, NHPC, NTPC Green, SJVN, Sun Petrochemicals and Surya International are among companies that have signed memorandum of understanding with the state government for investment in renewable energy
Maharashtra-based construction engineering company Ashoka Buildcon has committed an investment of INR 9,000 crore in setting up a green hydrogen production plant in Bihar.
India’s target of achieving 5 million tonnes per annum of green molecule production by 2030 presents an investment opportunity of INR 8-10 trillion across building the infrastructure for electrolyzer production, renewable energy generation and green molecule production.
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