The IIT Bombay and HSBC India Green Hydrogen Program aims to accelerate the development and deployment of green hydrogen technologies.
IIT Bombay has partnered with HSBC to advance technological development towards making green hydrogen production more efficient and cost-effective.
Six innovation projects in green hydrogen technology from top academic institutions have been shortlisted for incubation under the IIT Bombay and HSBC India Green Hydrogen programme, a release said on Friday.
The IIT Bombay and HSBC India Green Hydrogen Programme, which aims to accelerate the development and deployment of green hydrogen technologies, has 6 IITs, the National Institute of Technology and the Indian Institute of Science, Education and Research. , received a large number of innovative project proposals from said the release.
“Of these, six projects have been shortlisted for incubation at IIT Bombay, through a rigorous process by a steering committee comprising industry experts and senior faculty of the institute,” it said.
These technologies and solutions presented by researchers, scientists and students from institutions across India address key challenges in green hydrogen production, storage, transportation and utilization.
They range from developing local hydrogen storage systems that will help reduce significant carbon emissions from commercial vehicles to efficient and sustainable hydrogen generators and alternative burners that will improve air quality in much of India. There has been a worrisome problem in the metro.
These solutions will be deployed, nurtured and optimized for commercial readiness at the IIT Incubation Center by the end of the program period and will be comprehensively supported to build scale and increase reach, the release said. .
“We look forward to developing these six innovations to work with IIT Bombay to make green hydrogen a cost-effective, scalable, and sustainable proposition,” said Hitendra Dave, CEO, HSBC India.
IIT Bombay has partnered with HSBC to advance technological development towards making green hydrogen production more efficient, cost-effective, and scalable.
Unveiled by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman in 2023, the 3-year project aims to develop innovative projects to position green hydrogen as a strategic alternative fuel with applications across industries. It happens and India has to build a strong green hydrogen economy to help it achieve energy. Independence and support of the government’s mission to provide policy support for the global green hydrogen transition.
Shrish Kedare, Director, IIT Bombay, said, “This collaboration signifies our strong commitment to support the Indian Government’s visionary National Green Hydrogen Mission that positions green hydrogen not only as a sustainable fuel, Rather, it lays the foundation for the country’s future energy landscape.”
The Indian government has committed to promoting green hydrogen under its National Green Hydrogen Mission, highlighting its potential as an alternative fuel in the future. It envisions developing green hydrogen production capacity of at least 5 million metric tons per year by 2030.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed. PTI)