Larson & Toubro signs green hydrogen initiative
NEW DELHI, January 28, 2022 – Larson & Toubro has signed an MoU with Norway’s HydrogenPro to build green hydrogen electrolysers in India, the Indian engineering company announced on Thursday.
The two companies aim at creating a joint venture for the manufacturing of GW-scale alkaline water electrolysers.
India has set targets of having 175 GW of renewable energy production by 2022 and 500 GW by 2030.
“The energy industry is undergoing a tectonic shift with green hydrogen emerging as a key fuel in the future energy basket,” said Sekharipuram Narayanan Subrahmanyan, CEO and manging director of Larson & Toubro.