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Europe's Hintco offers to solve India's billion-dollar green hydrogen quandary

Livemint

Livemint · 1y ago

Europe's Hintco offers to solve India's billion-dollar green hydrogen quandary

A European non-profit organization called Hintco, a unit of H2Global, has offered to address the problem faced by Indian manufacturers of green hydrogen - the lack of long-term buyers. The Indian green hydrogen industry has the necessary technology and investment but the absence of contracts is holding them back. Hintco suggested acting as an intermediary by signing long-term agreements with Indian manufacturers and short-term agreements with European companies, while funding the viability gap jointly with the concerned governments. The Indian government officials are open to discussing this solution, but no agreement has been reached yet.

Related News

Hydrogen Electrolyzer Development in India: Sterling Generators Partners with Tecnicas Reunidas

Thehindubusinessline

Thehindubusinessline · 1y ago

Hydrogen Electrolyzer Development in India: Sterling Generators Partners with Tecnicas Reunidas

Sterling Generators, a subsidiary of Sterling & Wilson, has partnered with Spanish firm Tecnicas Reunidas to develop a 1 MW hydrogen electrolyser in India. The electrolyser, which is a key component in the production of green hydrogen, is expected to be commissioned in late 2024 and can be scaled up to 10 MW. The partnership aims to support India's renewable energy targets and leverage the country's solar and wind resources for green hydrogen production. Electrolysis, the process of splitting water into hydrogen and oxygen using electricity, offers a promising avenue for carbon-free hydrogen production from renewable sources.

Indian Oil draws up green hydrogen fuel retail network plan

Livemint

Livemint · 1m ago

Indian Oil draws up green hydrogen fuel retail network plan

Indian Oil Corp. (IOC) plans to establish a nationwide green hydrogen fuel retail network as part of a $30 billion investment to achieve net zero emissions by 2046. The initiative will replace grey hydrogen with green hydrogen for internal use in refineries and cater to growing mobility demand for green hydrogen fuel cells in India. The strategy underscores Indian Oil's commitment to sustainable energy solutions and expanding its role in the green hydrogen market.

GAIL set to commission India's first green hydrogen project in April

Livemint

Livemint · 1y ago

GAIL set to commission India's first green hydrogen project in April

India's state-run natural gas company, GAIL, is set to commission the country's first green hydrogen project in April. The project, located in Madhya Pradesh, will feature a 10-megawatt proton exchange membrane electrolyser imported from Canada. Once operational, it is expected to produce 4.3 metric tons of hydrogen per day with a purity level of 99.999%. The project aligns with India's goal of achieving 5 million tons of green hydrogen production capacity by 2030. GAIL's efforts in the green hydrogen sector demonstrate its commitment to embracing sustainable technologies. The Indian government has also released guidelines for pilot projects exploring green hydrogen in the transport sector.

India's ONGC to invest $24.2 bln to meet net-zero emissions goal

Reuters · 2y ago

India's ONGC to invest $24.2 bln to meet net-zero emissions goal

India's leading oil explorer, Oil and Natural Gas Corp (ONGC), intends to invest $24.17 billion in clean energy projects to achieve its net-zero carbon emissions goal by 2038. ONGC aims to invest $12.08 billion by 2030 to acquire 10 gigawatts of renewable energy capacity. It is constructing a 5 gigawatts solar energy project in Rajasthan and plans to establish offshore wind energy plants. The company is also exploring collaborations in the low-carbon energy sector, including renewables, green hydrogen, green ammonia, and derivatives of green hydrogen. ONGC is searching for a partner for a 1 million tonnes per year green ammonia project.

NGEL inks land lease agreement with AP for green hydrogen hub

Thehindubusinessline

Thehindubusinessline · 1y ago

NGEL inks land lease agreement with AP for green hydrogen hub

India's state-run NTPC's green energy arm, NGEL, has signed a land lease agreement with Andhra Pradesh to establish a green hydrogen hub. The hub, to be developed on 1,200 acres of land near Pudimadaka village in Visakhapatnam, aims to create a world-class ecosystem for green energy technologies, including hydrogen production and related industries. The project includes the construction of India's largest green hydrogen production facility, with a capacity of 1,200 tonnes per day, for the production of green ammonia and green methanol. NTPC aims to have 60 GW of renewable energy capacity by 2032.

India’s First Green Hydrogen Plant to be Built by L&T at IOC Panipat Refinery

StartupTalky

StartupTalky · 1m ago

India’s First Green Hydrogen Plant to be Built by L&T at IOC Panipat Refinery

Larsen & Toubro's L&T Energy GreenTech is set to build India's first green hydrogen plant at Indian Oil's Panipat refinery in Haryana. The plant, powered by renewable energy, will annually supply 10,000 tonnes of green hydrogen for 25 years, aligning with India's National Green Hydrogen Mission and decarbonization goals. Using L&T's high-pressure alkaline electrolysers, the project is seen as a significant step in reducing IOC's carbon emissions. Completion is projected by December 2027.

Green hydrogen purchase obligations must achieve 2030 target: Industry body

Business Today

Business Today · 3m ago

Green hydrogen purchase obligations must achieve 2030 target: Industry body

The India Hydrogen Alliance (IH2A) has recommended a 10% Hydrogen Purchase Obligation (HPO) for existing plants and 100% for new plants by 2030. This aims to meet the National Green Hydrogen Mission's 2030 target of producing 1.5 million tonnes of green hydrogen for domestic use. The IH2A emphasizes that without these obligations and demand creation, $80 billion in combined hydrogen-related investments could be at risk.

India sets eyes on 10% of global green hydrogen demand

Economic Times

Economic Times · 10d ago

India sets eyes on 10% of global green hydrogen demand

India aims to capture 10% of the projected 100+ million metric tonne global green hydrogen demand by 2030. Substantial progress is underway with production targets and electrolyser manufacturing capacities awarded to multiple companies. India seeks to become a major producer and export hub for green hydrogen, driven by reducing costs and international collaborations, notably with the EU. This strategic positioning indicates India's commitment to advancing the global green hydrogen market.

BPCL, Sembcorp ink JV to develop green hydrogen, renewables in India

VCCircle

VCCircle · 4m ago

BPCL, Sembcorp ink JV to develop green hydrogen, renewables in India

Bharat Petroleum Corp (BPCL) and Singapore's Sembcorp have formed a joint venture to develop green hydrogen and renewable energy projects in India. The initiative aims to support India's goal of generating 500 GW of clean energy by 2030, as the country transitions from fossil fuels. BPCL, aligning with Sembcorp's expertise, will focus on green hydrogen, ammonia production, emissions reduction, and other green technologies, enhancing India's renewable energy landscape.

NTPC Green plans ₹30,000 cr-transmission network for AP green hydrogen hub

Livemint

Livemint · 8m ago

NTPC Green plans ₹30,000 cr-transmission network for AP green hydrogen hub

State-owned NTPC Green Energy Ltd is aiming to construct a ₹30,000 crore transmission network to power its green hydrogen hub in Andhra Pradesh. The planned network will have a capacity of 20 GW and will be separate from the national power grid. It will initially connect NTPC's proposed solar project in Anantapur to India's first hydrogen hub in Pudimadaka, both located in Andhra Pradesh. The hub aims to produce 1,500 tonnes of green hydrogen daily and discussions are underway with potential buyers and partners. The transmission network is expected to be completed by 2032, contributing to India's green energy target of 500 GW by 2030.

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