JSW Energy in tie-up with Australia’s Fortescue for green hydrogen projects

Our Bureau Mumbai | Updated on July 29, 2021

Keen on tapping India’s clean energy market and future hydrogen economy

JSW Future Energy, a wholly-owned subsidiary of JSW Energy, has entered into an agreement with Australian Fortescue Future Industries Pty to jointly conduct scoping work for green hydrogen production-related projects for use in green steel-making, hydrogen mobility, green ammonia and other mutually agreed industrial applications in India.

The collaboration will enable both parties to tap opportunities in India’s clean energy market and become front-runners in a future hydrogen economy.

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Prashant Jain, Joint Managing Director and CEO, JSW Energy, said the company has readied a blueprint to become a 20-GW power generating company by 2030, with about 85 per cent of the portfolio comprising green and renewable energy sources.

It aspires to be a green energy future technology company with innovations such as green hydrogen, offshore wind and battery energy storage, he added.

Green hydrogen will be a disruptor in the clean energy space and would, in the near future, replace fossil fuels in various industrial applications, besides the transportation and mobility sector.

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Julie Shuttleworth, CEO, FFI, said the world’s transition to a renewable energy future represents a major growth opportunity and there will be many important markets for green hydrogen in the coming decade.

FFI is establishing a portfolio of projects associated with renewable green hydrogen and green industrial products, he added.

Published on July 29, 2021

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