L&T's New Green Energy Arm for Green Hydrogen Projects
Key Ideas
- L&T establishes L&T Green Energy Kandla Private Limited to lead green hydrogen projects and related activities.
- Green hydrogen is produced using renewable sources, emitting no harmful greenhouse gases.
- The move is part of L&T's broader green energy strategy, aiming to roll out significant electrolyser capacity by 2025.
Construction giant Larsen & Toubro (L&T) has formed a new subsidiary, L&T Green Energy Kandla Private Limited (LTGEK), dedicated to developing green hydrogen projects. This subsidiary will focus on green hydrogen and its derivatives like green ammonia, all produced through sustainable methods like electrolysis powered by renewable sources. L&T's initiative aligns with their commitment to green energy, with plans to roll out 150-200 megawatts of electrolyser capacity by 2025. The company's move signifies a step towards environmentally-friendly practices, as green hydrogen production avoids carbon emissions and greenhouse gases. L&T Energy Green Tech Limited has fully subscribed to LTGEK's equity shares. This development indicates L&T's strategic shift towards sustainable and clean energy solutions, emphasizing the importance of green technologies in the current market scenario.