IIT Bombay and Larsen & Toubro (L&T), an Indian multinational engaged in EPC projects and high-tech manufacturing and services, have signed an agreement to jointly pursue research and development in the value chain of the green hydrogen.
The two institutions have joined forces to contribute to the development of the green hydrogen industry in India and to develop next-generation technology in this emerging field.
BENEFITS OF PARTNERSHIP
L&T’s engineering expertise, product scaling and commercialization know-how and IIT Bombay’s cutting-edge research in hydrogen technologies will help this partnership achieve its goal. .
Commenting on the occasion, SN Subrahmanyan, CEO and MD, L&Tsaid, “L&T has always been at the forefront of driving technological advancements and indigenization in India across all sectors. We are positioning ourselves to drive the green hydrogen economy in India with our partners.
“Our partners and customers are also eager to leverage our ability to reduce costs and industrialize green hydrogen,” he said.
“This collaboration with IIT Bombay and its world-class technologists will support the cause of developing globally competitive indigenous technologies and push India towards Aatmanirbhar in green hydrogen technology,” the CEO added.
Technology plays a central role in the growth of an emerging industry like green hydrogen. Research and development in areas aimed at improving energy efficiency, reliability and reducing equipment costs are key to improving affordability and, therefore, the large-scale adoption of green hydrogen in India is the need of the hour.
Recognizing this, L&T, as an industry partner, is collaborating with IIT Bombay to support the development of India’s R&D ecosystem and technology leadership in the industry.
WHY WE NEED GREEN HYDROGEN TECHNOLOGY
For countries like India, whose oil and gas import bill continues to rise, green hydrogen will help provide crucial energy security by reducing global reliance on imported fossil fuels.
Speaking of collaboration, Teacher. Subhasis Chaudhuri, Director, IIT Bombay said: “Given the urgency of the climate crisis and India’s ambitious goal of becoming net zero by 2070, the transition from fossil fuels 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’m confident that our partnership with L&T will result in scalable and cost-effective solutions,” he said.
“IIT Bombay’s endeavor is to contribute meaningfully to challenges of national importance, and our association with L&T to develop green hydrogen technologies that can make India self-sufficient in this space, is an example of this” , Chaudhuri added.
GREEN HYDROGEN POLICY
The central government notified the Green Hydrogen Policy in February 2022 to boost the production of green hydrogen and green ammonia to help the country become a global hub for the green version of the molecule.