Newtrace: Driving India's Green Hydrogen Revolution
Key Ideas
- India's National Green Hydrogen Mission aims to produce 5 Mn metric tonnes of green hydrogen annually by 2030, aligning with the global trend towards reducing CO2 emissions.
- Bengaluru-based cleantech startup Newtrace is revolutionizing the hydrogen market with its cost-effective electrolyser technology, positioning itself as a key player in India's domestic and export markets.
- Newtrace's innovative electrolyser technology has garnered investor attention, with successful funding rounds and collaborations, showcasing a promising future for the startup.
- With a focus on applications in the oil and gas industry and plans for commercial deployment with major players like ONGC Energy Center, Newtrace is on track to lead India's green hydrogen revolution.
Green hydrogen, produced using renewable energy sources, is gaining momentum globally, including in India where the National Green Hydrogen Mission targets significant production by 2030 to combat climate change. Bengaluru's Newtrace, founded in 2021, has developed cutting-edge electrolyser technology for green hydrogen at reduced costs. The startup's journey, from inception to partnership with major corporations like BPCL and ONGC Energy Center, reflects its commitment to revolutionizing the hydrogen market. Newtrace's technology stack, featuring innovative versions of electrolysers, is well-received in industries such as oil, gas, and steel, driving its success. With substantial funding and government support, Newtrace is poised to play a crucial role in India's green hydrogen ecosystem and beyond.
Topics
Green Hydrogen
Renewable Energy
Technology
Net Zero Emissions
Energy Market
Investors
Cleantech
Electrolyser Technology
Startup
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