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Vale and Green Energy Park partner on green hydrogen for global steel sector

Global, News

Brazilian mining giant Vale and European hydrogen company Green Energy Park (GEP) have announced a collaboration to build a green hydrogen production facility in Brazil, aiming to produce low-carbon steel. The joint venture will establish a ‘Mega Hub’ industrial complex, where international steelmakers can source and produce hot-briquette iron (HBI) using green hydrogen as the reducing agent. This initiative is expected to cut carbon emissions by 80% compared to traditional blast furnaces, which emit two…

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Shaping Sustainable International Hydrogen Value Chains

Analysis, Features

The push for renewable hydrogen as a clean energy solution has the potential to reshape global energy systems. As hydrogen gains traction, especially in hard-to-abate sectors like heavy industry and transportation, sustainable international hydrogen value chains must be developed. This article provides a detailed exploration of hydrogen value chains, covering the production and demand, environmental impacts, and socio-economic benefits, as outlined in the 2024 IRENA report. Hydrogen Production and Demand: Current and Future Outlook As…

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Impact of Green Hydrogen Production on India’s Power System

Analysis, Features

Green hydrogen (GH2) is set to play a pivotal role in India’s path toward decarbonization. The country’s goal of producing 5 million tonnes of green hydrogen annually by 2030 is a key part of its strategy to reduce greenhouse gas emissions. This shift will require significant changes in India’s power system, particularly in the integration of renewable energy sources and grid flexibility. Below is a detailed analysis of the necessary adjustments to meet the rising…

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Green and Transition Finance in India

Analysis, Features

India stands at a unique crossroads, balancing the goals of decarbonisation and industrial growth. While the power and transport sectors have made notable strides toward decarbonisation, industrial emissions remain a significant challenge. To meet its climate commitments, India will require an estimated capital influx of USD 10.1 trillion by 2070. This is where both green and transition finance come into play, with green finance backing low-emission technologies aligned with the Paris Agreement, and transition finance…

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National Electricity Plan – 2032 finalized, outlay pegged at over Rs 9 trillion

India, News

Union power minister Manohar Lal announced the finalization of the National Electricity Plan (NEP) for the period 2023 to 2032 at a press conference in New Delhi on September 23, 2024. The NEP aims to develop central and state transmission systems to meet the projected peak power demand of 458 GW by 2032, with a total project outlay of Rs 9 trillion. Key highlights of NEP 2032 include the expansion of the transmission network from…

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Uttar Pradesh secures Rs 1.15 trillion in green hydrogen investments

India, News

Uttar Pradesh has attracted private investment proposals totaling nearly Rs 1.15 trillion in the green hydrogen sector, as part of its efforts to bolster the state’s clean energy roadmap. Seventeen companies have submitted proposals, which are expected to create 20,000 jobs. Among the key investors, UK-based Trafalgar Square Capital plans to set up a 10,000-tonnes-per-annum green hydrogen production facility near Lucknow. Textile giant Welspun Group is investing Rs 400 billion in a green hydrogen or…

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NCT defers decision on HVDC link for green hydrogen projects in Andhra Pradesh

India, News

The National Committee on Transmission (NCT) has postponed the approval of a proposed ±800kV, 6000MW HVDC link between Kurnool and Visakhapatnam, which APTRANSCO requested to support upcoming green hydrogen and green ammonia units in Andhra Pradesh. While the state utility estimates a need for over 10 GW of renewable energy by 2030 for these projects, NCT concluded that the demand can be met using planned AC transmission systems. APTRANSCO’s proposal aimed to facilitate the delivery…

Why Electrification is More Efficient Than Hydrogen for Renewable Energy Emissions Reductions?

Power 101

As the global energy transition accelerates, a pressing question has emerged: how should renewable electricity be allocated to best reduce carbon emissions? The choice between using renewable electricity for hydrogen production or direct electrification has significant implications.  According to the International Energy Agency (IEA), using 1 terawatt-hour (TWh) of renewable electricity to electrify certain sectors can reduce emissions more than using the same electricity to produce hydrogen. For instance, using renewable electricity to displace coal…

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EU commits €53.9m to green hydrogen and renewables in Southern Africa

Global, News

EU Commissioner for Energy Kadri Simson has approved €53.9 million ($59.9 million) in funding to boost green hydrogen and renewable energy development in southern Africa. Namibia will receive the largest share, €36.9 million, with €50 million pledged to Namibian and South African hydrogen funds. This includes €25 million allocated to the SDG Namibia One fund, which aims to raise €1 billion for the 3GW Hyphen Hydrogen Energy project, expected to cost $10 billion. The European…

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NCT approves TBCB route for Rs 100 billion interstate transmission projects

India, News

The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended the tariff-based competitive bidding (TBCB) route for four interstate transmission system (ISTS) schemes, with a total project outlay exceeding Rs 100 billion. These projects are aimed at strengthening India’s power transmission infrastructure, particularly for renewable energy zones and green hydrogen production areas. The first scheme focuses on the augmentation of transformation capacity at the Bidar pooling station in Karnataka, with…