Firms eye India gigafactory
Larsen & Toubro and Hydrogenpro sign deal to investigate electrolyser manufacture in the nation, which is expected to have growing demand for hydrogen in the future
Indian multinational Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with Norwegian electrolyser manufacturer Hydrogenpro to investigate the manufacture of gigawatt-scale alkaline electrolysers in India. Hydrogenpro is already setting up a production factory in Tianjin, China as it looks to capitalise on emerging markets for green hydrogen. It is targeting a production cost for green hydrogen of $1.2/kg in 2022. “We are extremely pleased to enter this MoU with L&T, an engineering and construction powerhouse which is the perfect partner to establish Hydrogenpro in the Indian market,” says Hydrogenpro CEO Elling Nygaard. India has low solar generation costs and
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome