Adani Group to spin off its businesses

Gautam Adani’s group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it’s Chief Financial Officer Jugeshinder Singh said. Adani Enterprises Ltd, which is looking to raise ₹20,000 crore in a follow-on share sale, is the business incubator for the group. Over

India aims to capture 10% of green hydrogen exports

The government has put a number to its aim of being a leading exporter of green hydrogen in the world. Setting an ambitious target of capturing about 10 percent of the global green hydrogen market which is expected to touch 100 million metric tonne (MMT) by 2030. On January 13, the government released a blueprint

Scientists created solar panel to help cut down cost of hydrogen

Scientists have created a new type of solar panel that could help drive down the cost of sustainable hydrogen. The new solar panel achieved 9% efficiency in converting water into hydrogen and oxygen – mimicking a crucial step in natural photosynthesis. University of Michigan scientists developed a new kind of solar panel achieving 9% efficiency

India considers UAE’s support in developing green hydrogen industry

The UAE’s experience and know-how would help India in its green hydrogen program, authorities and experts said, following a new cooperation agreement between New Delhi and Abu Dhabi. Power and New and Renewable Energy Minister R.K. Singh visited the UAE over the weekend and signed a memorandum on green hydrogen development and investment with his

TMEIC develops a new product for electrolyzer technologies

TMEIC has developed a new generation power electronics product to achieve a high current DC power supply for modern-day electrolyzer technologies. The Type-1 system uses a 24-pulse diode front-end rectifier for AC to DC conversion. In addition, the Type-2 system uses an IGBT front-end converter for AC to DC conversion. The IGBT front-end converter offers

Jefferies values Reliance’s green hydrogen business at $8 bn

Foreign brokerage Jefferies, which has a base case target of Rs 3,100 on Reliance Industries (RIL), said EU and India’s 2030 green hydrogen (H2) targets translate into a $74 billion total addressable market (TAM) for RIL’s electrolyzer manufacturing business. In a report, Jefferies said RIL would replace gray H2 with green at its refineries and

Can national hydrogen mission bring energy transition in India?

The Union Cabinet has approved the National Green Hydrogen Mission to promote green hydrogen in a bid to cut emissions and become a major exporter in the field. The move is aimed at making India the global hub for the production of green hydrogen and achieve netzero carbon emissions by 2070. Hydrogen, made by splitting

KSOE wins order for LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said that it has bagged a 971.4 billion-won (US$784 million) order to build three liquefied natural gas (LNG) carriers from an Oceanic shipper. KSOE said Hyundai Heavy Industries Co., one of its three affiliates, will build the 200,000-cubic-meter LNG vessels at its shipyard in the southeastern port of

India to invite bids for green hydrogen plants in May

India will by May invite bids for subsidies for setting up green-hydrogen manufacturing and utilisation hubs, fertiliser and steel plants based on the fuel, and factories for making electrolysers. The bidding process is part of a first phase of a $2 billion incentive plan announced last week to boost use of green hydrogen to cut

Targets for green hydrogen consumption set in India

India has set green hydrogen consumption targets for some industries, so as to generate demand for cleaner fuel in its quest to reach netzero by 2070. One of the world’s biggest emitters of greenhouse gases, India approved a plan of incentives worth more than $2 billion last week to develop a green hydrogen production capacity