Latest Hydrogen News in India June'21

14 July, 2021

Latest Hydrogen News from around India

  1. Hydrogen 3 wheeler: H2E power systems to develop hydrogen three-wheelers in collaboration with Canada-based Hydrogen in Motion under an Indo-Canadian program funded by Gita. “India is a natural market for our low-pressure high-density swappable Hydrogen tanks H2M technology”- Grace Quan, CEO of Hydrogen In Motion
  2. Hydrogen Engine Generators: Indian Institute of Technology, Delhi (IIT-D) have built a ‘Hydrogen-fuelled Spark-Ignition Engine Generator’  in collaboration with Kirloskar Oil Engines Limited (KOEL), and the Indian Oil R&D Centre
  3. National Hydrogen Energy Mission Draft Plan: The draft recommends green hydrogen exports to Japan, South Korea, and Europe. It suggests setting up four integrated hydrogen hubs and running long-range public transport buses fuelled by hydrogen cells on heritage routes, remote locations, and ecologically sensitive zones.
  4. NTPC EOI for Hydrogen Pilot: NTPC has floated a global Expression of Interest (EOI) to set up two pilot projects, Standalone Fuel-Cell based backup power system and a standalone fuel-cell based microgrid system with hydrogen production using electrolyser at NTPC premises
  5. BRICS summit on Green Hydrogen: NTPC Ltd, hosted a two day workshop on Green Hydrogen, which saw leading experts from the Brazil, Russia, India, China, South Africa (BRICS) countries who shared their insights and professional views on the subject as well as the latest developments.
  6. India H2 alliance: The India H2 Alliance (IH2A) has expanded its membership with the inclusion JSW Steel in addition to two government agencies: CSIR National Chemicals Laboratory (CSIR-NCL) and Scottish Development International (SDI).
  7. Compulsory use of Hydrogen ? Government has circulated a draft Cabinet note for inter-ministerial consultation to put green hydrogen consumption obligations on fertiliser producers and petroleum refiners. According to sources, obligations will be imposed on these user industries between FY24 and FY30.
  8. Hydrogen Fuel cell buses: Tata Motors won an order of 15 hydrogen-based fuel cell buses from Indian Oil Corporation Ltd apart from Tata Motors collaborating with the IOCL to undertake R&D projects.
  9. Hydrogen Giga Factory: Reliance Industries Ltd (RIL) is investing Rs 75,000 crore to build four giga factories focusing on solar, storage battery, green hydrogen and a fuel cell factory, which can convert hydrogen into mobile and stationary power.

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