JSW Energy Expands Into Green Hydrogen Production and Storage in India
Key Ideas
- JSW Energy plans to commission a 3,800 tonnes per year green hydrogen project using renewable electricity for JSW Steel's manufacturing facilities.
- The company has signed contracts with JSW Steel for supplying green hydrogen and green oxygen to produce green steel by 2030.
- In addition to green hydrogen, JSW Energy is also working on a 1.0 GWh Battery Energy Storage System project to be commissioned by June 2025.
- Despite political changes, JSW Energy remains confident in India's energy policies and its growth plans in the power sector.
JSW Energy in India is venturing into green hydrogen production with plans to commission a pilot project in the fourth quarter of this fiscal year. The project, with a capacity of 3,800 tonnes per year, will utilize 25MW of renewable electricity to produce hydrogen gas for JSW Steel's manufacturing facilities. Contracts have been signed for the supply of green hydrogen and green oxygen to enable the production of green steel by 2030.
Furthermore, JSW Energy has secured a capacity under the Strategic Interventions for the Green Hydrogen Transition program and is actively engaged in India's Green Hydrogen Policy to promote renewable energy and reduce carbon emissions. The company is also working on a 1.0 GWh Battery Energy Storage System project alongside its hydrogen initiatives, showing a commitment to sustainable energy solutions.
Despite potential political changes, JSW Energy remains positive about India's energy policies and the continuity of its growth plans in the power sector. The company aims to expand its generation capacity and energy storage capacity significantly by 2030, aligning with India's broader efforts to transition to renewable energy sources and drive economic growth.