BHEL Signs Agreement with BARC for Hydrogen Production in India
Key Ideas
- Bharat Heavy Electricals Limited (BHEL) has partnered with Bhabha Atomic Research Centre (BARC) to develop a 50 kW alkaline electrolyser system for hydrogen production, supporting India's 'National Green Hydrogen Mission' and 'Aatma Nirbhar Bharat Abhiyan'.
- The collaboration aims to commercialize indigenous hydrogen production technology for sectors like refineries, fertilizers, steel, and transportation, contributing to cleaner energy sources and sustainable practices.
- BHEL's achievement in commissioning critical substations under the Neemuch REZ TBCB project ahead of schedule has been recognized, demonstrating the company's commitment to renewable energy infrastructure development.
- BHEL's stock market performance has been strong, with shares surging over 89% in the last 6 months, reflecting investor confidence in the company's initiatives and future prospects.
Bharat Heavy Electricals Limited (BHEL) has taken a significant step towards hydrogen production in India by signing an agreement with the Bhabha Atomic Research Centre (BARC) to develop a 50 kW alkaline electrolyser system. This collaboration is in line with India's 'National Green Hydrogen Mission' and 'Aatma Nirbhar Bharat Abhiyan', showcasing BHEL's commitment to sustainable practices and indigenous technology. The technology transfer agreement (TTA) between BHEL and BARC aims to scale up the Indigenous Alkaline Electrolyser Technology for various sectors, including refineries, fertilizers, steel, and transportation. By leveraging local materials and expertise, BHEL aims to contribute significantly to the development of cleaner energy sources, aligning with India's transition towards greener solutions. The agreement not only marks a milestone in advancing hydrogen technology but also highlights the collaborative efforts towards a more sustainable future. Additionally, BHEL's recent achievement in commissioning critical substations under the Neemuch REZ TBCB project ahead of schedule has been commended, showcasing the company's dedication to renewable energy infrastructure. The positive market response with BHEL's shares surging over 89% in the last 6 months reflects investor confidence in the company's strategic initiatives and growth prospects, further solidifying its position in the market.