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.
USA-headquartered Ohmium International, through its subsidiary in India, manufactures modular-interlocking proton exchange membrane (PEM) electrolyzers for hydrogen production. The company aims to make India a nucleus for global hydrogen-based green energy solutions with R&D centers in Silicon Valley (USA) and Bengaluru (India).
India has seen substantial activity in the domestic battery storage and green hydrogen markets, from the entry of Reliance and Acme Solar in green hydrogen to gigawatt-scale battery storage tenders by NTPC and the Solar Energy Corporation of India (SECI). There are more private ventures in the offing, indicating the government’s policy push is in the right direction.
Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
Currently, the cost of producing green hydrogen ranges from 3.6 to 5.8 USD/kg depending on the renewable energy mix and electrolyzer technology. Scaling the electrolyzer production globally will help drive down green hydrogen costs.
The giga-scale factory, located in the Bengaluru city of Karnataka, will initially have the capacity to manufacture about 500 MW of electrolysis equipment per annum.
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