World’s Largest Green Hydrogen Ecosystem : Gujarat’s Kutch Region
The Adani group said it had tied up with French energy major TotalEnergies SE to jointly create the ‘world’s largest green hydrogen ecosystem’ in Gujarat’s Kutch region.
- As part of the tie-up, TotalEnergies would acquire a 25% stake in Adani New Industries Ltd. (ANIL), a unit of Adani Enterprises Ltd. (AEL).
- The joint venture aims to invest $50 billion over the next 10 years to set up the green hydrogen ecosystem.
- In the primary phase, ANIL will develop green hydrogen production capacity of 1 million tons per annum at Mundra before 2030.
- Green hydrogen gas is produced by splitting water into hydrogen and oxygen using an electrolyzer that may be powered by electricity generated from renewable energy sources.