TKIL Industries Pvt. Ltd is in discussions with oil refining companies and steelmakers to set up green hydrogen-producing units using solar energy at their premises and help them reduce greenhouse gas emissions.
"We have approached oil marketing companies (OMCs) and steel companies and most of them want to do a pilot first. Once there is enough demand, we have kept funds of ₹1,500-2,000 crore for expansion," Vivek Bhatia, managing director and chief executive officer (CEO) of TKIL Industries, told Mint.
"100MW is up for taking...and if someone comes with a 200MW project, we will not say no to them."
The company, formerly known as Thyssenkrupp Industries India Pvt. Ltd, is targeting 100MW of electrolyser capacity by 2025 and plans to scale it up to meet demand. Electrolysers split water into hydrogen and oxygen, and are a critical technology for producing low-emission hydrogen from renewable or nuclear electricity. A 10MW electrolyser can produce 200kg of hydrogen in an hour if it takes 50kWh of energy to produce 1kg of hydrogen.
Denne historien er fra December 21, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 21, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How Bhansali Elevates the First Encounter
An excerpt from a new book on the Hindi director considers the importance of first sightings in Sanjay Leela Bhansali's cinema
From arrack to wine, a bar crawl across Sri Lanka
Cocktail bars in the island nation are drawing on local traditions and flavours to give a heady twist to familiar spirits
The Treasures of Nimrud Pieced Together Again
Archaeologists Have Been Reassembling Bas-Reliefs, Sculptures and Decorated Slabs
Only human-centred AI can charm humans to adopt it
The AI industry could learn from carmakers how to focus on the consumer and modify perceptions
How Emerging Economies Could Prosper in a Protectionist World
As manufacturing export success gets harder, they should focus on service exports. These are unlikely to face big trade barriers
The Asian Dream Is Waking Up To Realities Of Middle-Class Life
Asians are realizing that staying middle-class is not guaranteed
Lessons from the 75-year-old National Sample Survey
Its impressive history tells us much about innovation, autonomy and state-level data collection
Fix India's bond market to lift economic growth
As India's economy slows, we should revive public-private partnerships to attract private investment. But, for debt funding, we'll need to reform and invigorate our market for bonds.
We should let clarity prevail over nonsense: Here's a handy guide
We must use simple language, empathize with people, not take ourselves too seriously and be kind
Clear Goals and Discipline: How Small Investors Can Build Lasting Wealth
There is no one-size-fits-all, the answer will depend on your needs, personal preferences