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  • 07 Jul 2022
  • ICICI Securities

NTPC invites firms to set up hydrogen units

NTPC - 159 Change: 4.85 (3.16 %)

News: State-run power major NTPC has invited expressions of interest (EoI) from Indian and global companies for setting up a pilot project for production of hydrogen using electrolysers

Views: This will come as a positive for NTPC that is trying to use hydrogen as a fuel (pilot testing), which will we mixed with natural gas (5-10% Hydrogen) and will be used in co-firing one of existing gas plants. As green hydrogen is a clean source of energy it will also help NTPC in achieving its long term target of 60 MW renewable capacity by 2022

Impact: Positive

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