Larsen & Toubro (L&T) has signed an settlement with the Indian Institute of Technology (IIT) Bombay to collectively pursue analysis and growth work within the Green Hydrogen worth chain.
“L&T has always been in the forefront to drive technological advancements and indigenisation in India across sectors. We are positioning to drive Green Hydrogen economy in India together with our partners,” S N Subrahmanyan, CEO and MD, L&T stated.
Under the settlement, each the establishments would contribute in the direction of growth of the Green Hydrogen business in India whereas growing expertise on this discipline.
“Our partners and clients are also looking forward to leveraging our capability to reduce costs and industrialise Green Hydrogen. This collaboration with IIT Bombay and its world-class technologists will support the cause of developing indigenous globally competitive technologies and nudge India towards AatmaNirbhar in Green Hydrogen technology,” Subrahmanyan added.
“Given the urgency of the climate crisis and India’s own ambitious target of becoming net zero by 2070, transition from fossil fuel to Green Hydrogen will play a key role in this goal. India’s National Hydrogen Mission is a step in the right direction, and I am confident that our partnership with L&T will result in scalable and cost-effective solutions. IIT Bombay’s endeavour is to contribute significantly to challenges of national importance, and our association with L&T to develop technologies for Green Hydrogen that can make India self-reliant in this space, is one such example,” professor Subhasis Chaudhuri, director, IIT Bombay stated.
The Central Government in February 2022 notified the Green Hydrogen coverage geared toward boosting manufacturing of Green Hydrogen and Green Ammonia to assist the nation turn out to be a world hub for the environmentally pleasant model of the molecule. For nations like India, with its ever-increasing oil and fuel import invoice, Green Hydrogen will assist present essential power safety by decreasing the general dependence on imported fossil fuels.
Read additionally: AICTE’s Training and Learning Academy plans Continuous Professional Development Programmes
Source: www.financialexpress.com”