Essar's Bold Green Hydrogen Investment in Gujarat
Key Ideas
  • Essar Group plans to invest Rs 30,000 crore over the next four years to build a green hydrogen facility in Jamnagar, Gujarat, aiming to advance sustainable energy initiatives.
  • The company will develop 1GW of hydrogen capacity and associated green molecules capacity of 1 million tonnes per annum using renewable energy sources provided by Essar Renewables.
  • Essar's focus extends to decarbonizing long-haul heavy trucks, developing green steel mills, and creating LNG and electric ecosystems to reduce carbon emissions in various sectors.
  • The conglomerate intends to grow to about 10,000MW over the next 3-5 years, emphasizing the importance of green technology and sustainable energy solutions in its expansion strategy.
The Essar Group, a metals-to-infrastructure conglomerate, has unveiled plans to invest a significant sum of Rs 30,000 crore over the next four years in establishing a green hydrogen facility in Jamnagar, Gujarat. This investment signifies Essar's commitment to advancing sustainable energy practices and embracing green technology. The group aims to create 1GW of hydrogen capacity accompanied by 1 million tonnes per annum of associated green molecules capacity, utilizing 4.5GW of renewable energy supplied by Essar Renewables for water electrolysis. By focusing on decarbonization efforts, Essar intends to contribute to reducing carbon emissions by decarbonizing various sectors including long-haul heavy trucks, steel production, and oil refining processes. The company's strategy also includes developing LNG and electric ecosystems to promote cleaner transportation and energy consumption. Moreover, Essar plans to expand its power generation capacity to cater to Gujarat's base-load demands, illustrating a comprehensive approach towards sustainable energy solutions. With a vision to scale up to 10,000MW within the next few years, Essar is positioning itself as a key player in the green technology and renewable energy sector in India.
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