Advanced Materials Fuel $200B+ Hydrogen Storage & Transport Boom
The global market for advanced materials in hydrogen storage and transport is rapidly expanding, presenting an opportunity exceeding $200 billion
The global market for advanced materials in hydrogen storage and transport is rapidly expanding, presenting an opportunity exceeding $200 billion
SECI has issued a tender for the offtake of green ammonia—a major push for sustainable fertilizer production and leveraging clean energy to achieve national climate goals
The cost of green hydrogen in India could fall by up to 40%, reaching between Rs 260 and Rs 310 per kilogram, driven by government incentives, affordable renewable electricity, and tax reductions
The EU initiatives, involving a joint investment of approximately Rs 390 crore, focus on two coordinated calls to convert marine plastic litter and waste to green hydrogen
L&T Energy Green Tech has bagged a project to construct a 10,000 tons per annum green hydrogen plant at IOCL’s Panipat refinery
B. V. R. Subrahmanyam, CEO, Niti Aayog, will lead the interministerial panel for the national manufacturing mission.
For green hydrogen, the government has set incentives for production at Rs 50 per kg in the first year, Rs 40 in the second year, and Rs 30 in the third year, totaling Rs 5400 crore
India’s renewable hydrogen/ammonia production costs are significantly higher than the willingness to pay from refineries and fertilizer manufacturers, a significant obstacle to deals
As part of its mission to promote green hydrogen in the transport sector under the National Green Hydrogen Mission, the government has announced five pilot projects for buses and trucks
India’s Ministry of New and Renewable Energy (MNRE) showcased a tableau at the 76th Republic Day Parade in New Delhi, focusing on renewable energy
COP29 underscores the significance of renewable energy, with nations pledging billions to transition to a greener future, highlighting the need for collective initiatives and positive policy frameworks
The Indian government will provide Rs. 347 crore over three years for the pilot projects, enabling the development of similar technologies.