Investing in Green Hydrogen: 5 Leading Companies in India
Key Ideas
- Indian Oil Corporation (IOC), BPCL, GAIL, and NTPC are making significant strides in green hydrogen production, aligning with India's National Green Hydrogen Mission.
- These companies are investing in large-scale green hydrogen plants, aiming to reduce carbon emissions and promote sustainable energy solutions.
- The green hydrogen projects by these companies have the potential to revolutionize sectors like transportation, steel production, and energy storage in India and beyond.
- Collaborations and joint ventures in the green hydrogen sector show a collective effort towards achieving net-zero emissions and promoting renewable energy sources.
Green hydrogen is gaining momentum in India as companies like Indian Oil Corporation (IOC), BPCL, GAIL, and NTPC are making significant investments in the sector. These companies are setting up large-scale green hydrogen plants to reduce carbon emissions and transition towards sustainable energy sources. For instance, IOC is establishing a 10,000 tonnes per year green hydrogen plant at its Panipat refinery, while BPCL has commissioned a Green Hydrogen Plant at the Bina Refinery, aiming for net-zero emissions by 2040. GAIL has launched its first green hydrogen plant at Vijaipur, producing high-purity hydrogen for industrial use and blending it with natural gas. NTPC's subsidiary, NTPC Green Energy Limited, is investing in 20 gigawatts of renewable energy capacity to produce green hydrogen and derivatives for export markets. These initiatives are in line with India's National Green Hydrogen Mission and signify a shift towards cleaner energy solutions. Collaborations between companies like BPCL and Sembcorp Green Hydrogen India Private Limited further demonstrate the commitment to exploring green energy projects. The collective efforts of these companies highlight the potential of green hydrogen to revolutionize various sectors and contribute to a more sustainable future.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Energy Transition
Clean Technology
Energy Sector
Investment Opportunities
Latest News