No longer just utilitarian purchases, the appliances have morphed into a style statement for the house while embracing the next level in green tech, design and enhanced functionality
Industry analysts forecast global annual demand for green ammonia to reach up to 200 million tonne by 2050
Various studies have estimated that the energy services market is India is north of Rs 1 trillion.
The statement comes at a time when RIL has started aggressive expansion into the green energy sector with solar equipment manufacturing, green hydrogen production and energy storage
RIL chairman said technological progress will make energy affordable on the basis of commercial viability.
Manufacturing zones to be set up for green hydrogen/ammonia
RIL will re-purpose a Rs 30,000-crore plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-1.5 a kilogram
Batteries can be charged away from swapping points, allowing more freedom in setting up swap facilities
The government's clean energy push has prompted the regulator to roll out a series of rules for the country's top 1,000 listed companies
India has emerged as a responsible global voice on the issue of climate change and its ambitions are a testimony to the country's sensitivity towards nature, President Ram Nath Kovind said on Monday.
The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA). Prasad is of the view that India's commitment at COP 26 of achieving net zero emissions by 2070 and meet 50 per cent of energy requirements from .
The 50:50 JV will target the country's storage market, which is estimated to grow to 27 GW by 2030
India and Denmark agreed to initiate joint research and development on green fuels including green hydrogen, the Science and Technology Ministry said on Wednesday. The Joint Science and Technology Committee meeting held last week discussed national strategic priorities and developments in Science, Technology, and Innovation of both countries. The meeting, held virtually, put a special focus on green solutions for the future -- strategy for investments in green research, technology, and innovation, the ministry said in a statement. They agreed to organise 3-4 webinars for partnership development and stressed on promoting call for proposals in green fuels, including green hydrogen. The Joint Committee also reviewed the progress of the ongoing projects of last two joint calls being implemented in the areas of energy research; water; cyber-physical systems, and bioresources & secondary agriculture.
Projects will be set up in seven states in this phase, which aims to add 10,750 circuit kilometres (ckm) of transmission lines and 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations
The scheme will facilitate grid integration and power evacuation of about 20 GW of renewable energy (RE) projects in seven states
But Omicron scare could derail electricity demand recovery
Credit profiles seen stable, given strong accruals and investor interest
Experts agree that the challenge will come from the ground, especially state-level departments and consumers
Here is the best of Business Standard's opinion pieces for Wednesday
Expect to see more local manufacturing announcements in 2022