Latest Hydrogen News in India July'21

7 August, 2021

Latest Hydrogen News from around India

  1. Green Hydrogen Consumption Obligation: Fertiliser plants and refineries may have to use green hydrogen to meet 0.15 percent of their total hydrogen requirements, starting 2023-24, and raise this to a tenth within six years.
  2. Hydrogen Economy: What can be attempted with modest resources? The best way to take optimal decisions is to find a fulltime, or part time, Director for the Mission with domain knowledge and leadership ability. The Mission should have an empowered Governing Body with full flexibility to use allocated resources. Instead of looking at targets of hydrogen production and PLI (Production Linked Incentive), it would be best to identify parts of the hydrogen production and supply chain where there is talent and potential in India to innovate and reduce costs.” – Ajay Shankar
  3. JSW Energy: JSW Future Energy has entered into a framework agreement with Australian Fortescue Future Industries to collaborate on green hydrogen production. Apart from green hydrogen production, JSW Energy and Fortescue Future will conduct scoping work on utilisation of the fuel for green steel making, hydrogen mobility, green ammonia and other mutually agreed industrial applications in India.
  4. Green Hydrogen Mobility: NTPC REL, a 100 per cent subsidiary of NTPC, signed a MoU with the Union Territory of Ladakh, to set up the country’s first green Hydrogen Mobility project in the region.NTPC has plans to ply five hydrogen buses, to start with, in the region and the company will be setting up a solar plant and a green hydrogen generation unit in Leh towards this end.
  5. First Green Hydrogen Plant:Indian Oil Corporation (IOC) is all set to build the country’s first green hydrogen plant at Mathura Refinery to meet the growing energy needs.Indian Oil has a wind power project in Rajasthan and the management intends use the power produced here to its Mathura refinery.

24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches