Green hydrogen market could hit $850 billion in 2050
Research outfit Rethink Energy says the green hydrogen market could reach $850 billion in value by 2050.
India to join Germany’s green hydrogen strategy update
India will use its internal market to scale up hydrogen projects, with Germany as a possible export destination. As part of a broader strategy, the countries will collaborate on a financial and technological level on energy transition projects.
All major ports should switch to over 90% renewable energy by 2047, say new guidelines
The recently issued green port guidelines emphasize using clean energy in port operations and developing port capabilities for storage, handling, and bunkering of greener fuels such as green hydrogen, green ammonia, and green methanol.
Green hydrogen demand to reach 2.85 MMT/annum by 2030
A new report estimates India will reach annual green hydrogen demand of 2.85 million metric tons (MMT) by 2030 under the current policy and project momentum. To meet this demand, it will need 62 GW of additional renewable energy capacity, 29 GW of electrolyzer capacity, and 11 MMT per annum of ammonia infrastructure, which together represent an investment opportunity of at least $57 billion.
BHEL to make electrolyzers
Bharat Heavy Electricals Ltd is seeking a business consultant to realize potential opportunities in electrolyzer manufacturing and the green hydrogen value chain.
Avaada Group raises $1.07 billion for green hydrogen, ammonia ventures
Avaada Group has secured $1.07 billion to fund its green hydrogen and green ammonia ventures in India. The funding includes $1 billion from Brookfield Renewable and $68 million from Global Power Synergy Public Co. (GPSC).
Jakson Green to develop green hydrogen refuelling station in New Delhi
The green hydrogen production, compression, storage, and distribution facility will be powered by an in-situ hybrid renewable power and storage plant.
Jakson Green’s global order book surpasses 1 GW
The company has won large-scale renewable energy EPC projects in Africa and Middle-East regions. Its India portfolio includes an order to construct the single largest commercial and industrial solar park in Rajasthan.
India’s energy transition presents $25 billion annual investment potential: Avendus Capital
India attracted around $10 billion of annual investment in the renewable energy sector over the last five years. High economic growth and a stable commitment to decarbonization have drawn the attention of major organizations and investors from around the world.
IndianOil targets 200 GW of renewable energy portfolio by 2050
The state-owned oil and gas major targets 200 GW of renewable energy capacity by 2050. It also plans to have around 2 million metric tons of green hydrogen capacity in its fold by 2050.
