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Indian Oil, L&T and ReNew to form JV for development of GreenHydrogen business

Source : Economic Times


Notes by Narsi

By some ambitious estimates by 2050, nearly 80% of India’s hydrogen is projected to be ‘green’ — produced by renewable electricity and electrolysis. To get us there, some ambitious partnerships are needed too.

A partnership between an oil company (IOC), infrastructure services firm (L&T), and a renewable power plant developer (ReNew Power) is one among them.

The idea is that IndianOil and L&T will together manufacture and sell electrolyzers used in the production of Green Hydrogen.

The green power for electrolysis will come from ReNew's solar and wind power plants. 

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Professions

  • Civil & structural engineering
  • Renewable energy sciences