JSW Energy, Fortescue Future tie-up for green hydrogen generation
POWER & RENEWABLE ENERGY

JSW Energy, Fortescue Future tie-up for green hydrogen generation

JSW Future Energy enters into a framework deal with Australia’s Fortescue Future Industries (FII) for potential projects relating to the generation of green hydrogen.

JSW Energy told the media that the deal aims to estimate the potential of green hydrogen for producing green steel, hydrogen mobility, green ammonia and other mutually consented industrial applications in India.

While hydrogen production and its uses have been established, many firms are now operating on the manufacturing methods to make it cleaner. This green hydrogen is being promoted as a future fuel and the Budget 2020-21 has declared a National Hydrogen Energy mission to raise prospects.

Joint Managing Director and CEO at JSW Energy, Prashant Jain told the media that JSW Energy has laid out a strategic blueprint to grow into a 20 GW capacity power-producing firm by 2030 with about 85% of the portfolio including green and renewable energy sources.

Jain said that JSW Energy would also aspire to use innovative technologies like offshore wind, battery energy storage and green hydrogen among others.

Additionally, he said that green hydrogen is going to be a disturbance in the clean energy space and in future, they assume it would substitute the fossil fuels utilised for several industrial applications and in the transportation and mobility area.

He also said that this deal with FFI could help JSW meet their net-zero commitments quicker than their aim of 2050.

Julie Shuttleworth, CEO, FFI, told the media that the company is actively building a portfolio of projects connected with renewable green hydrogen and green industrial products.

JSW Future Energy is a wholly-owned subsidiary of JSW Energy. It is part of the JSW Group – a diversified business conglomerate in India with interests in energy, steel, cement, paints, infrastructure, venture capital and sports.

Currently, JSW Energy has 4,559 MW of operational hydro, solar and thermal power capacity. The firm has about 2,500 MW of Renewable energy projects under development which are likely to complete by 2023, a JSW statement said.

FFI is the renewable energy and industry firm of Fortescue Metals Group (Fortescue). It has an initial plan to generate 15 million tonnes per annum of green hydrogen by 2030. Fortescue aims to attain carbon neutrality by 2030.

The company said that FFI is a fundamental enabler of accomplishing this goal through the development of their green hydrogen, green ammonia, green electricity, and other green industrial projects.

Image Source


Also read: Indian Oil to develop green hydrogen plant at Mathura refinery

Also read: Fusion Fuel, BGR Energy to develop green hydrogen projects in India

JSW Future Energy enters into a framework deal with Australia’s Fortescue Future Industries (FII) for potential projects relating to the generation of green hydrogen. JSW Energy told the media that the deal aims to estimate the potential of green hydrogen for producing green steel, hydrogen mobility, green ammonia and other mutually consented industrial applications in India. While hydrogen production and its uses have been established, many firms are now operating on the manufacturing methods to make it cleaner. This green hydrogen is being promoted as a future fuel and the Budget 2020-21 has declared a National Hydrogen Energy mission to raise prospects. Joint Managing Director and CEO at JSW Energy, Prashant Jain told the media that JSW Energy has laid out a strategic blueprint to grow into a 20 GW capacity power-producing firm by 2030 with about 85% of the portfolio including green and renewable energy sources. Jain said that JSW Energy would also aspire to use innovative technologies like offshore wind, battery energy storage and green hydrogen among others. Additionally, he said that green hydrogen is going to be a disturbance in the clean energy space and in future, they assume it would substitute the fossil fuels utilised for several industrial applications and in the transportation and mobility area. He also said that this deal with FFI could help JSW meet their net-zero commitments quicker than their aim of 2050. Julie Shuttleworth, CEO, FFI, told the media that the company is actively building a portfolio of projects connected with renewable green hydrogen and green industrial products. JSW Future Energy is a wholly-owned subsidiary of JSW Energy. It is part of the JSW Group – a diversified business conglomerate in India with interests in energy, steel, cement, paints, infrastructure, venture capital and sports. Currently, JSW Energy has 4,559 MW of operational hydro, solar and thermal power capacity. The firm has about 2,500 MW of Renewable energy projects under development which are likely to complete by 2023, a JSW statement said. FFI is the renewable energy and industry firm of Fortescue Metals Group (Fortescue). It has an initial plan to generate 15 million tonnes per annum of green hydrogen by 2030. Fortescue aims to attain carbon neutrality by 2030. The company said that FFI is a fundamental enabler of accomplishing this goal through the development of their green hydrogen, green ammonia, green electricity, and other green industrial projects. Image Source Also read: Indian Oil to develop green hydrogen plant at Mathura refinery Also read: Fusion Fuel, BGR Energy to develop green hydrogen projects in India

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?