JSW Energy to Lead Green Energy Supply Chain for JSW Steel in India
Key Ideas
  • JSW Energy is developing a 25 MW clean hydrogen project in Karnataka for JSW Steel, aiming to become its main green energy supplier.
  • The project, set to be completed by fiscal 2025, will save on storage costs as it is located at JSW Steel's plant.
  • The company plans to expand beyond domestic projects, aiming to be a major supplier of green hydrogen and derivatives commercially.
  • GFG Alliance in Australia also plans to supply green hydrogen to a local steel mill using a 250 MW electrolyzer by early 2026.
JSW Energy, part of the JSW Group in India, is undertaking a significant green energy project to supply clean hydrogen to JSW Steel. The 25 MW project in Karnataka is expected to be operational by fiscal 2025, with the aim of reducing costs by locating it at the customer's plant. This initiative aligns with JSW Energy's goal to lead the green energy supply chain for JSW Steel and potentially expand globally. Furthermore, the company has secured additional capacity from the Solar Energy Corp. of India to support their ventures in green hydrogen. The positive sentiment towards hydrogen is evident as JSW Energy looks to enhance cost-effectiveness and product availability. Additionally, the collaboration between GFG Alliance and the South Australian government highlights the growing global interest in green hydrogen, with a 250 MW electrolyzer project set to commence operations in early 2026 in Wyalla.
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