Torrent Energy ventures into inexperienced hydrogen mixing undertaking, eyes cleaner vitality combine

New Delhi: Torrent Group’s built-in energy utility, Torrent Energy Restricted has launched into a path-breaking initiative geared toward a greener future by commencing work on a pilot undertaking for mixing inexperienced hydrogen (GH2) with pure fuel in its metropolis fuel distribution (CGD) community. 

The undertaking, slated for completion inside eight months, represents a big stride in Torrent Energy’s foray into the GH2 enterprise in India, underlining its dedication to fostering a cleaner and extra sustainable vitality combine.

“The bold pilot undertaking, using an Alkaline Electrolyzer, goals to mix roughly 2.5% GH2 into the CGD community, positioning it as probably the most substantial non-public sector mixing initiatives within the nation,” the corporate stated in a press launch.

“GH2, generated via water electrolysis powered by renewable sources, provides a gradual transition in direction of a cleaner vitality various when blended with the prevailing pure fuel provide, it added.

Torrent Energy, leveraging its strong presence within the renewable vitality sector, aspires to emerge as a number one end-to-end GH2 answer supplier for industrial and business gamers throughout India. The corporate’s proactive strategy in direction of integrating GH2 into its enterprise operations resonates with its dedication to sustainability. 

Furthermore, Torrent Energy is actively exploring the event of export-oriented inexperienced ammonia, signaling its eager curiosity in numerous states and its eagerness to develop its inexperienced vitality portfolio.

At current, Torrent Energy boasts an put in energy era capability of 4.1 GW, predominantly sourced from clear vitality alternate options. Fuel accounts for two.7 GW of its capability, whereas renewables, together with photo voltaic and wind energy era, contribute 1.07 GW. 

The corporate additionally has an extra 0.7 GW of renewable capability in numerous phases of growth, reflecting its concerted efforts to develop its renewable era capability consistent with its sustainability targets and the federal government’s imaginative and prescient of reaching 500 GW of non-fossil gasoline capability by 2030. 

Torrent Energy’s dedication to inexperienced vitality extends past the GH2 undertaking, with endeavors in Pumped Hydro Storage and Inexperienced Hydrogen.

With a turnover of roughly Rs. 25,000 crore (roughly $3 billion), Torrent Energy operates because the built-in energy utility of the diversified Torrent Group. The group’s general revenues quantity to round 37,000 crore (roughly $4.45 billion), and it boasts a market capitalization of 75,000 crore (roughly $9 billion).

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Up to date: 03 Jul 2023, 08:54 PM IST