Adani, Total team up in $5bn green hydrogen project

 Green hydrogen projects will help India slash its reliance on oil and coal and help it curb emissions.

French giant TotalEnergies SE and Indian billionaire Gautam Adani’s conglomerate plan to invest $5 billion to produce green hydrogen and related products in India as the world’s third-largest polluter seeks to decarbonize.

Total will buy a 25% stake in Adani New Industries Ltd. for an undisclosed amount, according to an exchange filing from Adani Enterprises Ltd. on Tuesday. Adani New Industries is a closely-held company of Adani Enterprises, the flagship firm for the coal-to-ports conglomerate. Adani Enterprises’s shares were trading almost 6% higher in Mumbai at 11:53 a.m. local time.

The purchase would be yet another shot in the arm for Adani, who has been seeking global investors and has committed to spending as much as $70 billion by 2030 across the green-energy value chain. Green hydrogen projects will also help India — the world’s third-largest carbon-emitting country — to slash its reliance on oil and coal as it chases a target of being net-zero carbon by 2070.

Total is boosting clean-energy output while reining in oil-product sales as shareholders demand greater efforts to fight climate change. It has previously teamed up with Adani to invest in natural gas and renewables in India, where the government this year unveiled plans — and incentives — for massive hydrogen growth. In 2019, Total bought a 37.4% stake in Adani Gas Ltd. — now called Adani Total Gas Ltd. — and last year spent $2.5 billion acquiring 20% of Adani Green Energy Ltd. and a 50% stake in a portfolio of solar assets.

Green hydrogen, produced from water and renewable power, is forecast for rapid growth this decade, and global output could jump as much as 18-fold to about 11.6 million tons a year by 2030 with strong policy support, according to BloombergNEF.

Potential Path

It also offers a potential path to decarbonize heavy industries such as steelmaking, cement production, and fertilizers. While the fuel is still a long way from being commercially viable, India targets production of 5 million tons by the end of the decade.

Adani New Industries will start by investing around $5 billion to build 2 gigawatts of hydrogen-producing electrolyzers powered by a 4-gigawatt solar and wind farm to make urea to displace imports of the fertilizer, Total said in a press release. The venture eventually plans to target 1 million tons of green hydrogen production a year by 2030, underpinned by 30 gigawatts of clean power capacity.

Other major producers could include Australian billionaire Andrew Forrest’s Fortescue Future Industries, which is aiming for initial output of 15 million tons a year of green hydrogen by 2030 from a network of global projects. Vestas Wind Systems A/S,

Source:Bloomberg

Phase-1 consulting service for Type 4 composite cylinder project for Indian market

 Gruntech Polymer Consultants have completed a phase-1 consulting service for a global multinational company to enter into an Indian market for a Type 4 composite cylinder project.

The Indian market has got great potential for Make in India to gain strong momentum among international investors.

It is exciting to see the progress that we are making as an industry and the growth that Type 4 composite cylinders are having in new applications.
These initiatives will help me progress towards getting the composite cylinder market to scale in India and other Asia Pacific regions but there is a lot more work to be done.

First CO2 long-duration battery storage launched in Sardinia

Italian long-duration storage developer Energy Dome has launched the first CO2 battery demonstration nationally.

The facility in Sardinia, Italy is aimed to mark the final de-risking of CO2 battery technology as a long-duration storage option as the company takes it to the commercial scaling phase.

Energy Dome says in a statement that the initial phase of operations has confirmed the performance of the CO2 battery and its capability of storing energy for a long duration, all while maintaining highly competitive round-trip efficiency, without degradation or site dependency.

Developed using off-the-shelf equipment, rapid deployment of the battery should now be possible.

“We can now provide an answer to the most pressing issue of our time: climate change,” said Energy Dome Founder and CEO Claudio Spadacini.

“Our breakthrough technology, the CO2 battery, is now commercially available to make cost-effective renewable energy dispatchable on a global scale.”

Energy Dome claims its CO2 batteries can be deployed at less than half the cost of similar size lithium-ion battery storage facilities and using readily available materials including carbon dioxide and water.

The company is now preparing for its first full-scale commercial facility, a 20MW/200MWh plant which is due to be deployed by the end of 2023.

Other commercial agreements include a 20MW/100MWh facility for the Italian utility A2A and a non-exclusive license agreement with power engineering company Ansaldo Energia on long-duration energy storage projects in Italy, Germany, the Middle East, and Africa.

Energy Dome’s proprietary technology is based on a closed-loop process with CO2 as one of a few gases that can be condensed and stored as a liquid under pressure at ambient temperatures.

In charging mode, the CO2 is drawn from the gasholder, the dome, compressed, and then stored in the liquid state. When energy needs to be released, the CO2 is evaporated and expanded into a turbine, and then returned back to the gasholder for the next charging cycle.

In comparison with compressed air energy storage, the volume requirement is much reduced, while the cryogenic technology requirements of liquid air energy storage are avoided.

Venture capital-backed Energy Dome is planning to launch a Series B fundraising round to fund the rapid commercial scale-up.

Source:Eqmagpro

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India to gain $6.7m green hydrogen and green ammonia project

 A Memorandum of Understanding (MoU) between India-based renewable energy company ACME Group and the Government of Karnataka will see an RS52,000 crore ($6.7m) green hydrogen and green ammonia project set up in the Indian state.

The project plans to produce 1.2 million tonnes of green hydrogen and ammonia per year, with an additional ‘captive solar unit’. ACME Group has said construction will take place between 2022 and 2027.

Over the past year, India’s interest in hydrogen has dramatically increased, with the unveiling of the country’s National Hydrogen Mission, which plans to cut carbon emissions and meet its climate targets.

Manoj Kr Upadhyay, founder, and Chairman of ACME Group said, “We are delighted to partner with the State of Karnataka in developing one of the largest and earliest green ammonia projects in the world.

We will be a formidable player in accelerating the adoption of green fuel globally. We are grateful to the Government of Karnataka for their vision of building the state as a green hydrogen hub and extending their full support to this project.”

H2 View understands the Government of Karnataka will facilitate ACME Group in obtaining registration, approvals, and clearances.

Basavaraj Bommai, Chief Minister of Karnataka, commented, “It has been proved again that Karnataka is the most ideal destination for investments.

“Karnataka has been successful in drawing the highest Foreign Direct Investments (FDI) among the states in the country. The FDI inflow during the last three quarters is testimony to this achievement.”

Source:h2-view.com

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Team Effort

 Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.

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