Electrolyzer

Adani New Industries Ltd recorded a revenue of INR 1,898 crore ($229 million) in the first quarter of FY 2023-24, 209% up year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 7.5 times to INR 355 crore as export volumes surged 19 times.

The German authorities have announced plans to double domestic electrolysis capacity to 10 GW by 2030, BloombergNEF has reported that green hydrogen became competitive with gray hydrogen earlier than expected, and Chinese researchers have presented new research on microbial hydrogen production.

The company’s manufacturing plant in Haryana will produce proton exchange membrane (PEM) electrolyzers based on the technology from its Spanish parent firm H2B2 Electrolysis. The plant will start production by October.

The European Commission and the European Investment Bank have agreed to collaborate with Argentina, Chile and Uruguay on hydrogen, while Masdar, Mitsubishi and Inpex have said that they will use green hydrogen to produce e-methane and polypropylene.

German researchers say gas-grid retrofits for hydrogen transport, combined with power grid expansion, could decarbonize Europe’s economy, while S&P says the global ammonia trade could expand by nearly 10 times by 2050.

Japanese scientists have developed an organic-inorganic halide perovskite compound for the chemical storage of ammonia (NH3), while Bosch is preparing to exhibit new products in the hydrogen value chain.

NTPC, India’s largest power company, will use Hild Electric’s green hydrogen production technology to decarbonize energy, transport and ammonia projects.

The Solar Energy Corp. of India (SECI) has launched the tender to set up 1.5 GW of electrolyzer manufacturing capacity in India under the government’s incentives scheme.

The draft R&D roadmap recommends research and development actions for each part of the green hydrogen value chain, including hydrogen production, storage, transport, and end-use applications.

The Ministry of New and Renewable Energy (MNRE) has notified the guidelines for its incentive schemes to promote the domestic production of green hydrogen and electrolyzers.