- 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