InvestorQ : Can you tell me about this big bet on hydrogen that Reliance, IOC, NTPC and Adani Enterprises are making?
Niti Shenoi made post

Can you tell me about this big bet on hydrogen that Reliance, IOC, NTPC and Adani Enterprises are making?

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ishika Banerjee answered.
4 months ago
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Yes, that seems to be latest big trend as companies are increasingly looking at investments in hydrogen to reduce their carbon footprint. Now, apart from Reliance Industries, other names like Adani Enterprises, IOC and NTPC are also betting in a big way on hydrogen as fuel with the intent to go carbon-free. Hydrogen is considered to be the cleanest form of energy and it can be produced from resources like natural gas, biomass and renewable sources.

It may be recollected that Prime Minister Modi has just announced the setting up of the National Hydrogen Mission. In his Independence Day speech also, he has underlined the need to focus on hydrogen shift in our fuel mix to become greener. Apart from the transport sector, hydrogen is extensively applied in chemicals, steel, heating and power. For now, Adani has already partnered with Maire Tecnimont for green hydrogen projects in India.

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