Swarajya Logo
Swarajya Logo
Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Our Views
    Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Magazine
  • Store

About Swarajya

Swarajya is a publication by Kovai Media Private Limited.

Swarajya - a big tent for liberal right of centre discourse that reaches out, engages and caters to the new India.

editor@swarajyamag.com

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Participate

  • Contact Us
  • Write for us
  • Style Guide
  • Jobs

Stay Connected

  • Artboard 2 Copy 6Created with Sketch.
    Artboard 2 Copy 10Created with Sketch.
    Artboard 2 Copy 7Created with Sketch.
    Artboard 2 Copy 9Created with Sketch.
  • Andriod Logo
  • IOS Logo

News Brief

Larsen & Toubro Enters In To Strategic JV With Norwegian Firm HydrogenPro To Manufacture Gigawatt-scale Green Hydrogen Electrolysers

India InfrahubSunday, January 30, 2022 7:53 pm IST
Norway’s HydrogenPro
Norway’s HydrogenPro
Norway’s HydrogenPro
  • Indian infrastructure and engineering behemoth Larsen & Toubro (L&T) announced on Thursday that it is teaming up with Norway’s HydrogenPro to make gigawatt-scale green hydrogen electrolysers in India.
  • India is considered to be highly suitable for green hydrogen production due to the low generation costs of renewable electricity from abundantly available solar PV and wind power sources.
  • Indian infrastructure and engineering behemoth Larsen & Toubro (L&T) announced on Thursday (Jan 27) that it is teaming up with Norway’s HydrogenPro to make gigawatt-scale green hydrogen electrolysers in India.

    Under this agreement, L&T and HydrogenPro will jointly work towards setting up of a joint venture in India for gigawatt-scale manufacturing of alkaline water electrolysers based on HydrogenPro technology for Indian market and other select geographies.

    Norway-based HydrogenPro is a leading electrolyser technology and manufacturing company. The company is targeting a production cost for green hydrogen of $1.2 per kg in 2022. Its core offering is an alkaline high-pressure electrolyser. With the new electrode technology, the company say that the the cost of electric power, that constitutes 70-90% of the cost of producing hydrogen, can be reduced.

    Hydrogen Electrolysis
    Hydrogen Electrolysis
    Hydrogen Electrolysis

    L&T said the proposed joint venture “is in line with its strategic vision to be present across the green energy value chain and HydrogenPro’s strategy of establishing a global manufacturing footprint”.

    L & T CEO said that the energy industry is undergoing a tectonic shift with Green Hydrogen emerging as a key fuel in the future energy basket.

    "We are delighted to have signed this MoUwith HydrogenPro. This will be a win-win partnership given our extensive relationship across the energy industry, deep EPC experience in this sector and successful ongoing collaborations with many MNCs and HydrogenPro’s focus to stay ahead of the curve as far as technology leadership is concerned” he added

    “We’re extremely pleased to enter this Memorandum of Understanding with L&T, an E&C powerhouse which is the perfect partner to establish HydrogenPro in the Indian market, a huge and growing energy market with tremendous potential for hydrogen-based solutions,” said Elling Nygaard, CEO of HydrogenPro.

    India's Green Hydrogen Ambitions

    India has unveiled the world’s largest expansion plan for renewable energy transition, with a target of 175GW of renewables by 2022 and 500 GW by 2030.

    India is considered to be highly suitable for green hydrogen production due to the low generation costs of renewable electricity from abundantly available solar PV and wind power sources.

    India aims to be among the world’s largest Green Hydrogen hubs and has plan for using the same across the sectors.

    India hopes to achieve energy security by reducing the ever-increasing energy import bill and a pathway to green alternative for “hard-to-abate” industries, like refineries, fertilisers, steel, and transport.

    Green Hydrogen demand in India is estimated to grow up to 2 MMTPA (Million Metric Tonne Per Annum) by 2030 in line with the nation’s Green Hydrogen Mission, which would call for investments upward of $60 billion.

    Tags
    Larsen And Toubro
    Green Hydrogen
    Green Hydrogen Powered Transport Buses
    HydrogenPro

    Comments ↓

    An Appeal...


     

    Dear Reader,

     

    As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

     

    Our business model is you and your subscription.  And in challenging times like these, we need your support now more than ever.

     

    We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

     

    Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

    Get Swarajya in your inbox.


    Magazine


    Swarajya Magazine Cover Image
    Merchandise

    Merchandise


      Politics

      Congress On Backfoot After Electoral Defeats, Here's What Party Plans For Next INDI Alliance Meeting

      Congress On Backfoot After Electoral Defeats, Here's What Party Plans For Next INDI Alliance Meeting

      Nishtha Anushree
      4h

      PMO Sides With Supreme Court's Judgments On Adultery, Homosexuality; Rejects Panel Recommendations On BNS Bill: Report

      Nishtha Anushree
      5h

      Who Is Mohan Yadav, The RSS-Backed Leader Poised To Take Helm As Madhya Pradesh's New Chief Minister

      Nishtha Anushree
      6h

      Economy

      How PLI Schemes For Electronics, Pharma, Food Processing Are Progressing As Planned

      How PLI Schemes For Electronics, Pharma, Food Processing Are Progressing As Planned

      Nishtha Anushree
      6h

      Apple's Bet On India Gets Bigger: Company Reaching Out To Indian Manufacturers For Multiple Products As It Shifts Supply Chain Away From China

      Bhuvan Krishna
      7h

      Enough Of Big Bang Reforms? No Major Announcements In Next Budget, "Wait Till July 2024", Says Nirmala Sitharaman

      Nishtha Anushree
      4d

      Defence

      On This Day, In 1971, India's First-Ever Paradrop At Tangail Paved The Way For A Victory At Dhaka

      On This Day, In 1971, India's First-Ever Paradrop At Tangail Paved The Way For A Victory At Dhaka

      Ujjwal Shrotryia
      7h

      China Continues Its Creeping Invasion Of Bhutan Despite Ongoing Talks Over Boundary; Here Are The Satellite Images

      Swarajya Staff
      8h

      Space Vision 2047: IAF Unveils Ambitious Plans To Become Air And Space Power, Here's All About It

      Bhuvan Krishna
      8h

      World

      Reality Check: Canada Records Highest Indian Student Fatalities While It Accuses India Of Interference On It's Soil

      Reality Check: Canada Records Highest Indian Student Fatalities While It Accuses India Of Interference On It's Soil

      Bhuvan Krishna
      5h

      Zara Faces Criticism Over New Campaign, Accused Of Insensitivity For Using 'Destruction In Gaza' As Backdrop

      Nayan Dwivedi
      6h

      'India To Outperform China For A Fourth Straight Year; It's Unprecedented...': Morgan Stanley Strategist

      Bhuvan Krishna
      7h

      Culture

      From Jodhpur To Ayodhya On Bulls, Preserved Through Herbs: The Story Of Ghee To Be Used For Ram Lalla's First Aarti

      From Jodhpur To Ayodhya On Bulls, Preserved Through Herbs: The Story Of Ghee To Be Used For Ram Lalla's First Aarti

      Nishtha Anushree
      3d

      ‘Garba Of Gujarat’ Declared As Intangible Heritage By UNESCO

      Arun Kumar Das
      5d

      Gujarat's Garba Is Now In List Of UNESCO Intangible Cultural Heritage of Humanity

      Swarajya News Staff
      5d
      States

      infrastructure


      Amit Mishra
      1

      Rajahmundry Airport To Get Bigger, Better As Work Begins On Rs 350-Crore Terminal Building

      2 Mins Read
      Amit Mishra
      2

      First Ever Auction Of Critical Minerals Including Lithium - The Promise And Some Caveats

      5 Mins Read
      V Bhagya Subhashini
      3

      Himachal Pradesh: 13.5 Km Ropeway In Shimla To Ease Traffic Congestion, Global Tenders In Pipeline

      2 Mins Read
      V Bhagya Subhashini
      4

      Mumbai Coastal Road: Marine Drive-Worli Stretch To Be Operational By Next Month, To Ease Traffic Congestion

      3 Mins Read