Electrolyzer

IndianOil, Larsen & Toubro, and ReNew will hold an equal stake in their proposed joint venture to develop, execute and own green hydrogen assets in India. Additionally, IndianOil and Larsen & Toubro will form a JV for the production and sale of electrolyzers.

Green hydrogen cost in India could reduce by 20-30% to INR 230-240/kg with the measures announced under the National Hydrogen Policy. A further cost reduction to achieve parity with grey hydrogen by 2030 is possible, provided policymakers don’t overlook five critical areas.

Experts at a recent workshop by industry body India Hydrogen Alliance (IH2A) and the government thinktank NITI Aayog proposed the formation of a public-private taskforce to develop gigawatt-scale green hydrogen hubs in India. The taskforce will have participation from global funding agencies, industry and government.

Ohmium has collaborated with India’s CSIR-Central Electrochemical Research Institute as it aims to make green hydrogen not only cost-effective but also scalable to meet the world’s demand. The sponsorship enables it to leverage CSIR-Central Electrochemical Research Institute’s deep expertise and resources for further development of electrolyzer technology.  

According to BloombergNEF, electrolyzer shipments may reach up to 2.5GW in 2022, up significantly from 458MW last year. China and the United States will become the world’s first and second markets, respectively.

Larsen & Toubro (L&T), an Indian multinational EPC contractor, has partnered with Norway’s HydrogenPro to set up a joint venture in India for gigawatt-scale manufacturing of alkaline water electrolyzers. 

The USA-headquartered green hydrogen generator developer has entered into an R&D partnership with IIT Madras Research Park (IITMRP) to improve the performance and lower the cost of its polymer electrolyte membrane (PEM) electrolyzers.

The Mukesh Ambani-led diversified business conglomerate has agreed to invest INR 5 lakh crore (US$67.6 billion) in building 100 GW of renewable energy capacity and green hydrogen eco-system in the State. It will also invest INR 60,000 crore (US$8.1 billion) in setting up manufacturing facilities for new and renewable energy equipment including solar modules, electrolyzers, energy-storage batteries, and fuel cells.

Bengaluru-based Mecwin Technologies Ltd and Karnataka Vikas Grameena Bank (KVGB) have partnered to finance solar pump-sets for farmers. Adani has formed a new energy arm called Adani New Industries Limited (ANIL).

The mission envisages commercial production of green hydrogen production in the nation from the financial year 2025-26 onwards.