Larsen & Toubro, an Indian multinational engaged in EPC projects, high-tech manufacturing, and services, has signed an agreement with the Indian Institute of Technology Bombay, the country’s premier technology and research institution, to collaborate on Green Hydrogen value chain research and development.
Both institutions have joined forces to contribute to the development of India’s Green Hydrogen sector and to the development of next-generation technology in this rapidly growing field.
“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. 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,”Mr. S N Subrahmanyan, CEO & MD, L&T said.
This partnership will be aided by L&T’s engineering skills, product scale-up and commercialization expertise, and IIT Bombay’s cutting-edge research in hydrogen technology.
“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,”Prof. Subhasis Chaudhuri, Director, IIT Bombay said.
In a growing company like Green Hydrogen, technology is essential to its success. Research and development in areas such as energy efficiency, reliability, and lowering equipment prices are crucial to improving affordability, and so a large-scale deployment of Green Hydrogen in India is urgently required. Recognizing this, L&T is working as an industry partner with IIT Bombay to help enhance the Indian R&D ecosystem and the sector’s technological leadership.
In February 2022, the Central Government unveiled the Green Hydrogen Policy, with the goal of growing Green Hydrogen and Green Ammonia production and assisting the country in becoming a global hub for the environmentally friendly version of the molecule. Green hydrogen could help countries like India, which is increasingly reliant on imported fossil fuels, achieve crucial energy security by reducing total reliance on imported fossil fuels.
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