The Indian state of Gujarat has signed memorandums of understanding (MoU) with two companies, Torrent Power and Erisha E Mobility, to build green hydrogen projects worth almost $1.5 billion in combined investments.
Utility Torrent Power has agreed to develop a green ammonia facility worth 72 billion rupees ($866 million), as part of a broader commitment to invest 470 billion rupees ($5.7 billion) dollars) in energy projects in the state.
While local reports indicate that the project will have a total production capacity of 100,000 tonnes per year, it is unclear whether this refers to the H2 or NH3.
Torrent had incorporated a green hydrogen subsidiary last week and had also bid in the Indian auction for subsidies for green hydrogen production to cover 18,000 tonnes a year. The utility was also launched in July last year. a pilot project to mix 2.5% H2 in volume to the urban gas network of Gorakhpur, in the northern state of Uttar Pradesh.
Meanwhile, Erisha E Mobility, founded in 2021 by conglomerate Rana Group, plans to invest $600 million in the green hydrogen plant, which it says it will build with European partners, although further details about the size and likely future have yet to be revealed. extraction. .
The company also signed MoUs with Gujarat for an electric vehicle manufacturing facility worth $180 million, as well as $50 million for the installation of 100 charging points.
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Gujarat is targeting eight million tonnes of annual green hydrogen production by 2035, racking up MoUs with Reliance Industries Limited, Ocior and Essar to build projects. The state had its first pilot plant, a 45 kg per day facility, commissioned by Larsen and Toubro in 2022.
The Adani conglomerate plans to build a renewable energy plant of three million tons per year2 facility in the state, while its largest city, Ahmedabad, has also been proposed as a project site launched by Adani Total Gas Limited, a joint venture between Adani and oil major Total Energies, in November to blend 8% hydrogen into the gas grid.
The Indian federal government has set a target of five million tonnes of green hydrogen production per year by 2030, with the potential to expand this figure to up to 10 million tonnes annually depending on how export markets develop.
