December 20, 2024

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50% cost fall of ‘green’ hydrogen by 2030

'green' hydrogen

50% cost fall of ‘green’ hydrogen by 2030

The Energy and Resources Institute (TERI) said in a report that the cost of “green” hydrogen will reduce by more than 50 per cent by 2030 and competes with hydrogen from fossil fuels. “Green” hydrogen is a zero-carbon fuel made by electrolysis, using renewable power from wind and solar to split water into hydrogen and oxygen.

“The Potential Role of Hydrogen in India”, was prepared under TERI’s Energy Transitions Commission (ETC) India programme and launched by Niti Aayog Vice-Chairman Dr Rajiv Kumar.

“This is a first-of-its-kind, cross-sector assessment of how hydrogen technologies can support the transition to a zero-carbon energy system in India,” said Will Hall, Fellow, TERI. 

The hydrogen can be used in the sectors where direct electrification is not possible. The battery-electric vehicles will become competitive across all segments, can be fuelled by hydrogen except for very long-distance and heavy-duty transport. If the cost really reduced to 50% we can expect more hydrogen vehicles on road by 2030.

IISC & IOC R&D signed MoU to develop affordable hydrogen fuel

India’s leading research institute, Indian Institute of Science (IISc), and the Research and Development Centre of Indian Oil Corporation Limited (IOC) have announced their partnership to develop biomass gasification-based hydrogen generation technology to produce affordably priced fuel cell-grade hydrogen.IISC & IOC R&D have signed an MoU to work together.

Eramet & BASF partners to process nickel and cobalt

French mining group Eramet and German chemicals giant BASF announced a partnership to process nickel and cobalt, as the companies aim to supply electric vehicle industry.

The companies are to study the development of a high-pressure acid leaching (HPAL) plant in Weda Bay, Indonesia, using ore from a local mine operated by Eramet, with a base metal refinery (BMR) whose location has yet to be determined.

They are planning to start both the facilities in the mid-2020s and will start its first-phase feasibility study with limited funding, they said.

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