Latest news with #CIIInternationalBusinessConclave
Time of India
2 days ago
- Business
- Time of India
Need to track green hydrogen utilisation: MNRE secretary
India is preparing a plan to track utilisation of green hydrogen and build global partnerships for exporting the fuel, Secretary Ministry of New and Renewable Energy Santosh Kumar Sarangi said Thursday. Speaking at the CII International Business Conclave on Green Hydrogen, he said traceability of green hydrogen utilisation is very important. He also said concessions for green hydrogen export will be part of India's deliberations in trade agreements. According to the secretary, one is not currently able to decipher whether steel was made using grey or green hydrogen once production is complete. 'Having traceability and trackability (of green hydrogen utilisation) is important,' Sarangi said. Steel is among the sectors where a push is being made for decarbonisation across the world since it accounts for roughly 10% of global emissions. Sarangi said deliberations are underway with green hydrogen producers to finalise measures for identifying, tracing, and tracking the final product, which is made using green hydrogen. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Truck Driver Now Earns ₹2.9 Crore Monthly (See how) prestigetrophy Learn More Undo These efforts are in line with India's National Green Hydrogen Mission launched in January 2023, with Rs 19,744 crore outlay. The overarching objective of the mission is to make India a global hub for production, usage, and export of green hydrogen and its derivatives, by targeting 5 million tonnes production per annum by 2030. The secretary said the government is working towards collaborating with stakeholders in these aspects. 'We are in discussions with Europe, the Port of Rotterdam, and Port of Antwerp to ensure that Green Hydrogen exported to these countries has the right transmission lines,' he said. Responding to queries at the sidelines, Sarangi said green hydrogen exports and favourable terms for domestic producers will be part of India - European Union Free Trade Agreement negotiations. Live Events Wind speed forecasts in question Speaking to ET on the sidelines of the event, Sumant Sinha, Chairman and CEO, ReNew said wind forecasts are not as reliable, affecting project output. Sinha heads the CII National Council on Energy Transition & Hydrogen. He was responding to a query on the status of round-the-clock (RTC) renewable energy projects in the country and the reforms needed. 'The wind speeds are a lot lower than had been forecast earlier, leading to under generation from a lot of the wind projects,' Sinha said. RTC projects generally use a mix of solar, wind, and battery storage to ensure continuous supply of clean energy. According to Sinha, wind forecasts are not turning out to be accurate, leading to wind turbine-based generation projects underperforming. ReNew has India's largest wind portfolio of 4.7 GW, representing 10.5 percent of India's total wind energy capacity. 'Now because we have history and because we have all these wind turbines installed all across the country, we are able to see that and so we are making adjustments for future generation forecasts,' he said.
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Business Standard
3 days ago
- Business
- Business Standard
MoS Naik urges industry, global firms to invest in Green Hydrogen sector
Minister of State for New & Renewable Energy Shripad Yesso Naik on Thursday said that Green Hydrogen has the power to ensure energy security and called upon industry leaders to invest in research and development and to build infrastructure in this field. Addressing the inaugural 'CII International Business Conclave on Green Hydrogen' the minister highlighted that Green Hydrogen has the power to reduce dependency on fossil fuels and enhance industrial competitiveness across sectors. "I invite global companies, governments, and financing institutions to partner with us in green hydrogen research, innovation, and trade," the minister said and called upon "India's industry to invest in R&D, scale manufacturing, build infrastructure, and develop human capital." The minister said Green Hydrogen is not just a fuel, it is a commitment to the planet, to future generations, and to sustainable prosperity. For India, with its strong Micro, Small and Medium Enterprise (MSME) base and varied industrial clusters, distributed models can unlock local demand and drive bottom-up growth, he said. These models will not only strengthen domestic hydrogen consumption but also make the green fuel more accessible and regionally balanced. "In tandem, we are encouraging the development of Green Hydrogen corridors across the country," he said. Under the SIGHT programme, tenders have already been issued for 42,000 metric tonnes of Green Hydrogen per annum for refineries and over 7.2 lakh metric tonnes of Green Ammonia for fertilizers, he noted. Our strategy to position India as a global Green Hydrogen hub also depends on robust international partnerships, he opined. India is working with key partners -- including the EU, Japan, Singapore, Germany, and the Netherlands -- to establish offtake agreements, certification frameworks, and shared infrastructure for storage, transport, and trade, he noted. New & Renewable Energy Secretary Santosh Kumar Sarangi said that Green Hydrogen has a great future. He said the government is already working on four elements related to fuel and those are regulation, incentives, standards and collaborations with stakeholders. He also stated that the ministry is working with industry on the definition of Green Hydrogen. Chairman ReNew, Sumant Sinha opined that Green Hydrogen is essential for energy transition. According to Sinha India needs 40 million tonnes of Green Hydrogen (annually) to achieve the goal of net zero by 2070. He suggested that India needs to replace the use of 6 million tonnes of Grey Hydrogen by Green Hydrogen. He pointed that high cost of Green Hydrogen which is USD 4.5 per kg, while Grey Hydrogen is available for half a USD. He suggested subsidies for boosting Green Hydrogen production in the country. He was of the view that India needs to deal with issues of high cost, GST, long term contracts and demand creation to boost Green Hydrogen in the country.
Time of India
3 days ago
- Business
- Time of India
Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector
Minister of State for New & Renewable Energy Shripad Yesso Naik on Thursday said that Green Hydrogen has the power to ensure energy security and called upon industry leaders to invest in research and development and to build infrastructure in this field. Addressing the inaugural 'CII International Business Conclave on Green Hydrogen' the minister highlighted that Green Hydrogen has the power to reduce dependency on fossil fuels and enhance industrial competitiveness across sectors. "I invite global companies, governments, and financing institutions to partner with us in green hydrogen research, innovation, and trade," the minister said and called upon "India's industry to invest in R&D, scale manufacturing, build infrastructure, and develop human capital." The minister said Green Hydrogen is not just a fuel, it is a commitment to the planet, to future generations, and to sustainable prosperity. For India, with its strong Micro, Small and Medium Enterprise (MSME) base and varied industrial clusters, distributed models can unlock local demand and drive bottom-up growth, he said. These models will not only strengthen domestic hydrogen consumption but also make the green fuel more accessible and regionally balanced. "In tandem, we are encouraging the development of Green Hydrogen corridors across the country," he said. Under the SIGHT programme, tenders have already been issued for 42,000 metric tonnes of Green Hydrogen per annum for refineries and over 7.2 lakh metric tonnes of Green Ammonia for fertilizers, he noted. Our strategy to position India as a global Green Hydrogen hub also depends on robust international partnerships, he opined. India is working with key partners -- including the EU, Japan, Singapore, Germany, and the Netherlands -- to establish offtake agreements, certification frameworks, and shared infrastructure for storage, transport, and trade, he noted. New & Renewable Energy Secretary Santosh Kumar Sarangi said that Green Hydrogen has a great future. He said the government is already working on four elements related to fuel and those are regulation, incentives, standards and collaborations with stakeholders. He also stated that the ministry is working with industry on the definition of Green Hydrogen. Chairman ReNew, Sumant Sinha opined that Green Hydrogen is essential for energy transition. According to Sinha India needs 40 million tonnes of Green Hydrogen (annually) to achieve the goal of net zero by 2070. He suggested that India needs to replace the use of 6 million tonnes of Grey Hydrogen by Green Hydrogen. He pointed that high cost of Green Hydrogen which is USD 4.5 per kg, while Grey Hydrogen is available for half a USD. He suggested subsidies for boosting Green Hydrogen production in the country. He was of the view that India needs to deal with issues of high cost, GST, long term contracts and demand creation to boost Green Hydrogen in the country.
Time of India
3 days ago
- Business
- Time of India
Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector
Minister of State for New & Renewable Energy Shripad Yesso Naik on Thursday said that Green Hydrogen has the power to ensure energy security and called upon industry leaders to invest in research and development and to build infrastructure in this field. Addressing the inaugural 'CII International Business Conclave on Green Hydrogen' the minister highlighted that Green Hydrogen has the power to reduce dependency on fossil fuels and enhance industrial competitiveness across sectors. "I invite global companies, governments, and financing institutions to partner with us in green hydrogen research, innovation, and trade," the minister said and called upon "India's industry to invest in R&D, scale manufacturing, build infrastructure, and develop human capital." The minister said Green Hydrogen is not just a fuel, it is a commitment to the planet, to future generations, and to sustainable prosperity. For India, with its strong Micro, Small and Medium Enterprise (MSME) base and varied industrial clusters, distributed models can unlock local demand and drive bottom-up growth, he said. Live Events These models will not only strengthen domestic hydrogen consumption but also make the green fuel more accessible and regionally balanced. "In tandem, we are encouraging the development of Green Hydrogen corridors across the country," he said. Under the SIGHT programme, tenders have already been issued for 42,000 metric tonnes of Green Hydrogen per annum for refineries and over 7.2 lakh metric tonnes of Green Ammonia for fertilizers, he noted. Our strategy to position India as a global Green Hydrogen hub also depends on robust international partnerships, he opined. India is working with key partners -- including the EU, Japan, Singapore, Germany, and the Netherlands -- to establish offtake agreements, certification frameworks, and shared infrastructure for storage, transport, and trade, he noted. New & Renewable Energy Secretary Santosh Kumar Sarangi said that Green Hydrogen has a great future. He said the government is already working on four elements related to fuel and those are regulation, incentives, standards and collaborations with stakeholders. He also stated that the ministry is working with industry on the definition of Green Hydrogen. Chairman ReNew, Sumant Sinha opined that Green Hydrogen is essential for energy transition. According to Sinha India needs 40 million tonnes of Green Hydrogen (annually) to achieve the goal of net zero by 2070. He suggested that India needs to replace the use of 6 million tonnes of Grey Hydrogen by Green Hydrogen. He pointed that high cost of Green Hydrogen which is USD 4.5 per kg, while Grey Hydrogen is available for half a USD. He suggested subsidies for boosting Green Hydrogen production in the country. He was of the view that India needs to deal with issues of high cost, GST, long term contracts and demand creation to boost Green Hydrogen in the country.
Mint
3 days ago
- Business
- Mint
Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector
New Delhi, Jun 19 (PTI) Minister of State for New & Renewable Energy Shripad Yesso Naik on Thursday said that Green Hydrogen has the power to ensure energy security and called upon industry leaders to invest in research and development and to build infrastructure in this field. Addressing the inaugural 'CII International Business Conclave on Green Hydrogen' the minister highlighted that Green Hydrogen has the power to reduce dependency on fossil fuels and enhance industrial competitiveness across sectors. "I invite global companies, governments, and financing institutions to partner with us in green hydrogen research, innovation, and trade," the minister said and called upon "India's industry to invest in R&D, scale manufacturing, build infrastructure, and develop human capital." The minister said Green Hydrogen is not just a fuel, it is a commitment to the planet, to future generations, and to sustainable prosperity. For India, with its strong Micro, Small and Medium Enterprise (MSME) base and varied industrial clusters, distributed models can unlock local demand and drive bottom-up growth, he said. These models will not only strengthen domestic hydrogen consumption but also make the green fuel more accessible and regionally balanced. "In tandem, we are encouraging the development of Green Hydrogen corridors across the country," he said. Under the SIGHT programme, tenders have already been issued for 42,000 metric tonnes of Green Hydrogen per annum for refineries and over 7.2 lakh metric tonnes of Green Ammonia for fertilizers, he noted. Our strategy to position India as a global Green Hydrogen hub also depends on robust international partnerships, he opined. India is working with key partners -- including the EU, Japan, Singapore, Germany, and the Netherlands -- to establish offtake agreements, certification frameworks, and shared infrastructure for storage, transport, and trade, he noted. New & Renewable Energy Secretary Santosh Kumar Sarangi said that Green Hydrogen has a great future. He said the government is already working on four elements related to fuel and those are regulation, incentives, standards and collaborations with stakeholders. He also stated that the ministry is working with industry on the definition of Green Hydrogen. Chairman ReNew, Sumant Sinha opined that Green Hydrogen is essential for energy transition. According to Sinha India needs 40 million tonnes of Green Hydrogen (annually) to achieve the goal of net zero by 2070. He suggested that India needs to replace the use of 6 million tonnes of Grey Hydrogen by Green Hydrogen. He pointed that high cost of Green Hydrogen which is USD 4.5 per kg, while Grey Hydrogen is available for half a USD. He suggested subsidies for boosting Green Hydrogen production in the country. He was of the view that India needs to deal with issues of high cost, GST, long term contracts and demand creation to boost Green Hydrogen in the country.
