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 Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000