NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC Limited, has signed a join venture agreement with India Oil Corporation for setting up of renewable energy projects to meet round-the-clock power requirement of IOCL refineries. NGEL targets building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business.

NTPC Renewable Energy (NTPC REL) and Indian Army will be setting up Green Hydrogen Projects. An MoU has been signed to facilitate this, aiming to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonization.

NTPC REL will design, develop, and install renewable energy projects (solar, wind etc.) and Hydrogen Energy Storage System in a phased manner. A joint identification of potential sites would be undertaken for setting up of green hydrogen projects for supplying electricity, in a phased manner. Various locations of Indian Army are powered through DG sets in off-grid locations.

Indian multinational, Larsen & Toubro (L&T) has entered into an Electrolyzer Manufacturing Binding Agreement with McPhy Energy, a France-based electrolyzer technology and manufacturing company to explore the opportunities in the emerging Green Hydrogen market. 

L&T plans to set up a Gigawatt-scale manufacturing facility for electrolyzers based on McPhy technology in India to serve the domestic requirements as well as cater to the other selected geographies. McPhy will grant an exclusive license of its pressurised alkaline electrolyzer technology to L&T for the manufacturing of electrolyzers, as well as its future product upgrades.

Indraprastha Gas Ltd. (IGL) and Bharat Heavy Electricals Ltd. (BHEL) will manufacture, develop and deploy specialised Type IV cylinders to be used for hydrogen blending of CNG and operating fuel cell based power backup systems.

An MoU was signed to pave way for collaboration in the hydrogen value chain under the National Hydrogen Mission. Type IV cylinders constitute of lightweight materials that can withstand higher pressure allowing them to offer a longer range to vehicles.

Cochin Shipyard Limited has bagged an order for designing and constructing two Zero Emission Feeder Container Vessels for a Norway-based global logistics solution provider, Samskip Group. The project is one of the first Zero Emission Feeder Container Vessel, to be powered by Hydrogen Fuel Cells with Green Hydrogen. The project cost is INR 550 crore and the vessels are expected to reduce 25000 tons of CO2 emissions per year.

Andhra Pradesh Government has signed an MoU with Amplus Solar for establishing multiple decentralised green hydrogen plants in the state. Amplus will establish 7.5 KPTA of distributed green hydrogen plants for industrial consumption in Andhra Pradesh at an investment of INR 15 billion, including on-site hydrogen production plants and off-site wind and solar energy plants.

Kerala has allocated a viability gap funding/equity support of INR 200 crores to green hydrogen hubs, in its State Budget of FY 2023-24. The state had also issued it Draft Green Hydrogen Policy for public consultation. Under the Draft Hydrogen Policy, various incentives have been promised to the producers of Green Hydrogen and Green Ammonia for the projects commissioned before June 30, 2025.

Formation of Dedicated State Green Hydrogen Development entity too, is in the pipeline. Guidelines for Floating Solar Plants also has been prepared and awaiting Cabinet approval.

The Energy and Resources Institute (TERI) has shared its views with the government on the framing of draft guidelines on Pumped Storage Projects (PSP) by the Ministry of Power. While welcoming the draft guidelines as a much needed step to achieve decarbonization of the electricity sector, TERI has asked for PSP programme to roll out in a Mission mode format for meeting large storage needs for achieving 2030 RE capacity goals.

TERI has asked SERCs to mandate Discoms to go for storage capacity contracting. It also urged for identification and development of projects with feasibility for creating storage and making competitive bidding a norm. TERI also made a point that priority must be given to off-the-river pumped storage projects, as these are easier to develop, have the advantage in terms of wider choice for sites, lower cost, faster construction period (2-4 years) and far less environmental impact.

Tata Power Renewable Energy Limited (TPREL) will be constructing a 200 MW solar PV project in Solapur, Maharashtra in a time frame of 18 months. TPREL, a subsidiary of the Tata Power Company Limited has been granted a go ahead by Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project is expected to be one of the largest solar PV projects that targets reducing approximately 432.94 million kg of CO2 emissions per year.

The European Commission (EC) has asked European electrolyser manufacturers to scale up their production capacity. The new proposal mandates that around 40 percent of all installed electrolyser capacity in the bloc should be “Made in Europe”. The Act is widely believed to be an attempt to stave off the commercial threat to Europe's clean technology manufacturers from their Chinese competitors.