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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.

Related News

Adani Group eyes 5 GW electrolyzer capacity with up to $3 bn investment

Livemint

Livemint · 1y ago

Adani Group eyes 5 GW electrolyzer capacity with up to $3 bn investment

Adani New Industries Ltd is planning to invest up to $3 billion in setting up a cumulative capacity of 5 GW electrolyzer manufacturing. The company aims to manufacture indigenous alkaline electrolyzers and has tied up with technology providers Cavendish Renewable Technology and Hydep. Adani New Industries is also working on anion exchange membrane (AEM) technologies. The move towards indigenous electrolyzer capacity aligns with the company's plans to expand its footprint in the green hydrogen space. The government aims to achieve 5 million metric tonne of annual green hydrogen production under the National Green Hydrogen Mission.

Data centre boom: Companies see surge in exports of made-in-India gensets, switchgear, electrical panels

Economic Times

Economic Times · 1y ago

Data centre boom: Companies see surge in exports of made-in-India gensets, switchgear, electrical panels

Exports of Indian-made diesel and gas generators, switch gears, motors, and electrical panels are rising due to the increased demand for data centers globally. Countries like Malaysia, Australia, Egypt, the Middle East, and Europe are among the major importers. This trend is benefiting ancillary manufacturers in India such as Sterling Generators.

Venture Catalysts Leads $850K Seed Round in H2 Carbon Zero to Eliminate Diesel Generators with Made-in-India Hydrogen Fuel Cells

StartupTalky

StartupTalky · 5m ago

Venture Catalysts Leads $850K Seed Round in H2 Carbon Zero to Eliminate Diesel Generators with Made-in-India Hydrogen Fuel Cells

Venture Catalysts led a $850K seed round in H2 Carbon Zero, an Indian company producing hydrogen fuel cells to replace diesel generators. The investment supports the development of India’s first gigawatt-scale hydrogen fuel factory. Co-founders Santosh Gurunath and Laxmikant Banjarey aim to deploy affordable, clean power solutions in various sectors. This aligns with India’s National Green Hydrogen Mission to foster local value creation and address a significant domestic and global market opportunity.

John Cockerill eyes India as export hub

Livemint

Livemint · 2y ago

John Cockerill eyes India as export hub

Belgium-based engineering company John Cockerill Group plans to establish an electrolyzer plant in India, aiming to make it a hub for exporting the technology. The company intends to invest several hundred million dollars into the facility within the next two years. Furthermore, John Cockerill Group plans to expand its presence in the green hydrogen space in India, with a joint venture facility with Greenko. The company is also considering entering the defence manufacturing segment in India. India's low-cost renewable energy makes it an attractive market for green hydrogen production.

Newtrace raises $6.3 Mn in pre-Series A round led by HDFC Bank, MSIVC

Entrackr

Entrackr · 2d ago

Newtrace raises $6.3 Mn in pre-Series A round led by HDFC Bank, MSIVC

Newtrace raises $6.3 Mn in pre-Series A round led by HDFC Bank, MSIVC Climate tech startup Newtrace has raised $6.3 million (Rs 56.93 crore) in a pre-Series A round led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital. The round also saw participation from Peak XV Partners’ Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, and angel investors Manish Prataprai Gandhi and Renu Manish Gandhi. Entrackr had exclusively reported the current development last month. Prior to this round, Newtrace has raised over $6.5 million to date, including its $5.65 million round raised in May 2023 led by Peak XV (formerly Sequoia Capital India) and Aavishkaar Capital. The proceeds will be used to scale pilot manufacturing, validate its technology with customers, and expand its engineering and manufacturing capabilities. Newtrace expects to begin initial commercial deliveries of its Voltagen electrodes within the next 12 months. Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace develops electrode and electrolyzer technologies for green hydrogen production. Its proprietary electrode technology, Voltagen, is designed for alkaline water electrolyzers and aims to improve energy efficiency, extend system lifetime, and reduce hydrogen production costs. Newtrace primarily serves electrolyzer manufacturers, green hydrogen project developers, and industrial gas companies. Its technology is designed as a drop-in replacement for existing electrodes, allowing hydrogen producers to upgrade performance without redesigning their systems. For the fiscal year ended March 2025, Newtrace reported Rs 1.8 crore in operating revenue, while its losses widened 73% to Rs 15.6 crore.

Somerset Indus Capital hits first close for third PE fund

VCCircle

VCCircle · 1y ago

Somerset Indus Capital hits first close for third PE fund

Private equity firm Somerset Indus Capital Partners has achieved the first close of its third fund, with a target corpus of $250 million. The healthcare-focused firm has investments in companies including Genworks, Apex Hospitals, Global Pharma, and Sterling Hospitals. Somerset aims to support the growth and development of healthcare companies through its fund.

Somerset Indus Capital onboards another offshore LP for third India fund

VCCircle

VCCircle · 1y ago

Somerset Indus Capital onboards another offshore LP for third India fund

Somerset Indus Capital Partners, a private equity firm specializing in healthcare investments, has secured a new offshore limited partner for its third investment fund. This development follows the firm's previous success in attracting the US International Development Finance Corporation as an investor. Somerset has a track record of supporting companies like Genworks, Apex Hospitals, and Sterling Hospitals. The new partnership aims to enhance its investment capabilities in the healthcare sector.

Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector

Economic Times

Economic Times · 8m ago

Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector

Minister Shripad Yesso Naik urged industry leaders to invest in the green hydrogen sector to ensure energy security and reduce fossil fuel dependency. He emphasized the potential of green hydrogen to enhance industrial competitiveness and called for global partnerships in research and infrastructure development. With existing international collaborations, India aims to become a global hub for green hydrogen. The high cost remains a challenge, prompting suggestions for subsidies to boost domestic production.

Toyota Kirloskar Motor partners Ohmium International to develop green hydrogen-based power solutions

Economic Times

Economic Times · 8m ago

Toyota Kirloskar Motor partners Ohmium International to develop green hydrogen-based power solutions

Toyota Kirloskar Motor has partnered with Ohmium International to develop green hydrogen-based power solutions in India. The collaboration aims to co-create integrated hydrogen-driven microgrid solutions for diverse applications, such as data centers and environmentally sensitive locations. Toyota will provide technical expertise and fuel cell modules, while Ohmium will focus on design and development. This initiative seeks to extend hydrogen technology's application beyond mobility, supporting India's transition to sustainable energy.

Somerset Indus Capital gets offshore LP for third India healthcare fund

VCCircle

VCCircle · 1y ago

Somerset Indus Capital gets offshore LP for third India healthcare fund

Somerset Indus Capital Partners, a healthcare-focused private equity firm, has secured an offshore investor for its third India healthcare fund. The firm has previously invested in companies like Genworks, Apex Hospitals, Globela Pharma, and Sterling Hospitals. Having made the first close of the third fund in August last year, Somerset continues to expand its investment network and capital base to support healthcare ventures in India.

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