Adani Bets Big on Clean Fuel for India's Energy Security
POWER & RENEWABLE ENERGY

Adani Bets Big on Clean Fuel for India's Energy Security

Gautam Adani, Chairman of the Adani Group, has declared green hydrogen not just an alternative to fossil fuels, but India's path to energy security, improved air quality, and food security. In a recent blog post titled "Reducing costs: The key to leveraging green hydrogen on the road to net zero," Adani asserted that for India, "leapfrogging" to renewables and green hydrogen is the answer, not simply replacing one fossil fuel with another.

Moving Beyond Fossils: Adani emphasizes that the significant drop in solar costs can be replicated with green hydrogen, paving the way for cleaner air in cities and independence from volatile imported ammonia prices crucial for fertilizer production. This, he says, is paramount for food security and curbing climate change's devastating impacts.

Adani's Green Hydrogen Play: Demonstrating commitment, Adani New Industries is investing a staggering $50 billion in green hydrogen projects over the next decade. Their first project, a one million metric tonnes per annum (MMTPA) behemoth in Gujarat, is already underway with the first phase set for operation by 2027.

Cost is King: Adani acknowledges that for green hydrogen to fulfill its potential as a clean fuel, scalable energy storage solution, and zero-emission industrial feedstock, its cost needs to dramatically decrease. He pinpoints renewable energy as the key, as 60-70% of green hydrogen's cost stems from electricity. Therefore, accelerating the decline in renewable energy costs will directly impact green hydrogen's affordability.

Breaking Free from Imports: For India, with its massive annual crude oil import bill exceeding $230 billion, green hydrogen represents a chance to break free from the yoke of expensive energy imports. Adani envisions hydrogen and renewables as the twin engines that will power India's journey towards self-sufficiency and a cleaner future.

Green Hydrogen: A Global Dream: Concluding his post, Adani highlights that green hydrogen holds the key to achieving carbon neutrality for the entire world. By fostering its broader adoption and pushing for lower production costs, we can unlock its immense potential to combat climate change and secure a healthy planet for generations to come.

Gautam Adani, Chairman of the Adani Group, has declared green hydrogen not just an alternative to fossil fuels, but India's path to energy security, improved air quality, and food security. In a recent blog post titled Reducing costs: The key to leveraging green hydrogen on the road to net zero, Adani asserted that for India, leapfrogging to renewables and green hydrogen is the answer, not simply replacing one fossil fuel with another. Moving Beyond Fossils: Adani emphasizes that the significant drop in solar costs can be replicated with green hydrogen, paving the way for cleaner air in cities and independence from volatile imported ammonia prices crucial for fertilizer production. This, he says, is paramount for food security and curbing climate change's devastating impacts. Adani's Green Hydrogen Play: Demonstrating commitment, Adani New Industries is investing a staggering $50 billion in green hydrogen projects over the next decade. Their first project, a one million metric tonnes per annum (MMTPA) behemoth in Gujarat, is already underway with the first phase set for operation by 2027. Cost is King: Adani acknowledges that for green hydrogen to fulfill its potential as a clean fuel, scalable energy storage solution, and zero-emission industrial feedstock, its cost needs to dramatically decrease. He pinpoints renewable energy as the key, as 60-70% of green hydrogen's cost stems from electricity. Therefore, accelerating the decline in renewable energy costs will directly impact green hydrogen's affordability. Breaking Free from Imports: For India, with its massive annual crude oil import bill exceeding $230 billion, green hydrogen represents a chance to break free from the yoke of expensive energy imports. Adani envisions hydrogen and renewables as the twin engines that will power India's journey towards self-sufficiency and a cleaner future. Green Hydrogen: A Global Dream: Concluding his post, Adani highlights that green hydrogen holds the key to achieving carbon neutrality for the entire world. By fostering its broader adoption and pushing for lower production costs, we can unlock its immense potential to combat climate change and secure a healthy planet for generations to come.

Next Story
Infrastructure Urban

LTTS Joins MIT Media Lab To Drive AI And Sustainable Tech

L&T Technology Services, a global provider of AI, digital and engineering consulting services, has announced a multi-year membership agreement with the MIT Media Lab, one of the world’s leading research institutions.As a consortium Lab Member, LTTS will collaborate on next-generation artificial intelligence (AI) developments, highlighting its commitment to advancing transformational innovation in mobility, sustainability and technology.Under the agreement, LTTS will participate in active exchanges of knowledge with the Media Lab’s cross-disciplinary ecosystem of researchers, innovators..

Next Story
Infrastructure Transport

Maharashtra Approves Rs 9.31 Bn for Bhandara–Gadchiroli Expressway

The Maharashtra cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the revised design and funding of Rs 9.31 billion for the Bhandara–Gadchiroli controlled access expressway, a project expected to enhance connectivity across Vidarbha.The 94.2 km expressway, to be implemented by the Maharashtra State Road Development Corporation (MSRDC), will cut the Bhandara–Gadchiroli distance by 23 km and reduce travel time to 1.5 hours. Of the sanctioned funds, Rs 5.34 billion has been earmarked for project work and Rs 3.96 billion for interest, with land acquisition to begin shortly.The..

Next Story
Infrastructure Energy

Waaree Energies to Offload 14.66% Stake in Indosolar via OFS

Waaree Energies, promoter of Indosolar, will sell up to 61 lakh equity shares, representing 14.66 per cent of Indosolar’s paid-up capital, through an Offer for Sale (OFS) on stock exchanges. The move is aimed at meeting SEBI’s minimum public shareholding (MPS) norms.The OFS will open for non-retail investors on September 18 (T-day), followed by retail investors on September 19 (T+1 day), through a dedicated trading window. Each share carries a face value of Rs 10.Antique Stock Broking has been appointed as the seller’s broker to manage the transaction, ensuring compliance and transparenc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?