News Update

L&T and ReNew join hands to tap into the emerging hydrogen business in India.


According to reports, Larsen and Toubro(L&T) and ReNew Power have come into an agreement to tap into the emerging Indian green hydrogen business in partnership. 

The CEO of Larsen and Toubro, SN Subrahmanyan spoke on a conference call stating, “This partnership with ReNew is a significant milestone in the journey towards building a green energy portfolio for L&T. It is synergistic and brings together the impeccable track record of L&T in designing, executing, and delivering EPC projects and the expertise of ReNew in developing utility-scale renewable energy projects”

Power
Green hydrogen is produced by splitting water into hydrogen and oxygen in an electrolyzer by electricity generated by renewable power. The growing demand for net-zero emissions has led many countries, including India, to push for the widespread adoption of green hydrogen. This push has led to anticipated demand for refineries, fertilisers and city gas grids will grow up to 2 million tonne per annum by 2030 in line with the nation’s green hydrogen mission. This would call for investments upward of $60 billion.

CEO and Chairman of the Gurugram-based company ReNew, Mr. Sumant Sinha said, “Green hydrogen will be a key driver of the transition to cleaner sources of energy. I expect this partnership to set new benchmarks in the Indian renewable energy space and look forward to working together with L&T.”

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