Electrolyser prices key to achieving low green hydrogen costs: CareEdge

02 Dec 2024 CW Team

A significant reduction in electrolyser prices and improvements in their efficiency are crucial for lowering the levelised cost of green hydrogen (GH2) to $2.1 per kg by FY30, according to CareEdge Ratings. In a recent press release, the agency highlighted that India's green hydrogen momentum will be driven by falling renewable energy costs and its decarbonization goals. Currently, the levelised cost of GH2, which includes both capital and operational expenditures, is 1.75 times higher than grey hydrogen and 1.5 times higher than brown hydrogen, even with interstate transmission charge waivers for renewable power. CareEdge projects that a 35-40% decline in electrolyser costs and a 12-14% improvement in efficiency, combined with supportive policies, could bring GH2 costs down to competitive levels. This reduction, alongside lower renewable energy prices, is expected to give India a significant advantage in the global green hydrogen market. To produce one million metric tonnes (MMT) of GH2, an investment of Rs 2.4 trillion is required. The levelised cost of hydrogen (LCOH) was estimated at $3.74 per kg in CY23, despite transmission charge waivers. Maulesh Desai, Director at CareEdge Ratings, emphasised the importance of achieving cost parity with grey and brown hydrogen to enable large-scale GH2 adoption. The agency also noted that long-term offtake arrangements for GH2 remain a challenge for developers and lenders. Hardik Shah, Director, CareEdge, suggested incentivising downstream users to transition from alternatives to GH2. Refineries are expected to be early adopters, with a potential demand of 2.7-3.0 MMT of GH2 between FY27 and FY30. Green ammonia production could further drive demand, with an estimated 3.75-4.25 MMT of GH2 required during the same period, one-third of which may come from the non-urea sector. With the right mix of cost reductions, efficiency gains, and policy support, GH2 could become a cornerstone of India’s energy transition strategy. (ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..