Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, signed an agreement with the Indian Institute of Technology Bombay, the nation’s premier technology and research institution to jointly pursue research and development work in the Green Hydrogen value chain.
Both the institutions have joined hands to contribute towards development of the Green Hydrogen industry in India and to develop next-generation technology in this emerging field.
L&T’s engineering expertise, product scale-up and commercialization know-how and IIT Bombay’s cutting-edge research in hydrogen technologies will help this partnership accomplish its goal.
Technology plays a central role in the growth of an emerging industry like Green Hydrogen. Research and Development in areas to improve energy efficiency, reliability and reducing equipment cost is crucial to improve affordability and hence, scaled adoption of Green Hydrogen in India is the need of the hour. Recognising this, L&T as an industrial partner is collaborating with IIT Bombay to support development of Indian R&D ecosystem and technology leadership for the sector.
The Central Government in February 2022 notified the Green Hydrogen policy aimed at boosting production of Green Hydrogen and Green Ammonia to help the nation become a global hub for the environmentally friendly version of the molecule. For countries like India, with its ever-increasing oil and gas import bill, Green Hydrogen will help provide crucial energy security by reducing the overall dependence on imported fossil fuels.
Source: LARSEN & TOUBRO LIMITEDTags: EPC Projects, Fossil Fuel, Green Hydrogen, IIT Bombay, L&T