-
HFE pioneers green hydrogen exploration in India
Srivatsan Iyer, Global Chief Executive Officer of Hero Future Energies (HFE), the renewable energy division of the Hero Group, announced that the company is aggressively investigating prospects for green hydrogen projects in India. To explore several green hydrogen project options, the company is interacting with a range of customers throughout India. Announcements are expected in the upcoming months.
HFE made it clear that it has no intention of making green hydrogen electrolysers. The company will continue to source electrolysers from the market, utilising the best available technology, even if it recently signed a strategic memorandum of understanding with Bangalore-based Ohmium, an electrolyser firm.
Ahmium International and HFE are working together to build 1,000 MW of green hydrogen production plants in Europe, the UK, and India. With a further 2 GW of projects in the works, the business presently boasts a global portfolio of 3 GW of renewable energy assets.
Srivatsan Iyer highlighted the necessity of demand mandates while expressing optimism on this year’s budget allocation for green hydrogen. In order to stimulate the industry, he recommended that the government take into account enacting levels of demand requirements. The high cost of green hydrogen relative to conventional sources is currently deterring large customers in sectors like fertilisers and refineries from adopting it. Reducing costs and hastening the adoption of green hydrogen could be achieved through more demand-driven adoption.
Iyer suggested two options for providing green hydrogen to the general public. One is integrating it gradually into the city gas distribution system while safety regulations are being developed. The other is the use of green hydrogen for heavy-duty mobility, such as converting long-distance trucks or buses with internal combustion engines to run on hydrogen fuel.
Share This
