DIL Weekly Digest Edition 1 - Mar 07, 2024

DIL Weekly Digest

DIL - Decarbonization for India's Leaders - is EAI's offering that provides regular updates and insights on industrial decarbonization efforts for India's corporate leaders.

In addition to the daily updates we provide, we have now come out with a weekly edition of DIL that summarizes prominent updates from the previous few days, from across India, across industries.

Welcome to the first edition of DIL Weekly Digest. We hope you find it useful.

India’s Lithium-ion Battery Manufacturing Industry in 2024

• In 2024, India’s battery manufacturing industry is expanding to support the growing adoption of electric vehicles and grid-scale storage. Key players include Ola Electric, which is expected to operationalize its giga factory in Krishnagiri, Tamil Nadu by February 2024, and Reliance New Energy and Rajesh Exports, which are setting up their facilities in Jamnagar, Gujarat, and Dharwad, Karnataka, respectively. Exide Industries is planning a 6GWh lithium-ion cell manufacturing facility, while GODI India has started producing India’s first-ever 5.2Ah 21700 cylindrical NMC811 lithium-ion cells. Amara Raja Batteries and Log9 Materials are expanding their manufacturing capacities, and Nsure Reliable Power Solutions has a plant with an initial production capacity of 1 GWh. Overall, an estimated 95GWh of battery manufacturing capacity is projected to be created by private players in the country.
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• Harshavardhana Gourineni | Bhavish Aggarwal | Hital R. Meswani | Subir Chakraborty | Partha Dasgupta| Kartik Hajela | Mahesh Godi | Mridul Kant Srivastava | Amara Raja Group | Ola Electric | Exide Group | GODI | Reliance Industries Limited (#batterymanufacturing #batterystorage)

Alliance for Global Hydrogen Trading

• Strategic alliance by the International Financial Services Centre (IFSC) at GIFT City with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC). The collaboration aims to establish a Global Hydrogen Trading Mechanism. Set to introduce the Global Hydrogen Price Index, a benchmark designed for price discovery and market information in the rapidly growing green hydrogen sector in India. The introduction of this index is expected to bring enhanced transparency and boost investor confidence, attracting global institutions to trade at GIFT IFSC.
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• Rajesh K Mediratta | GIFT City | Indian Gas Exchange (IGX) | GSPC LNG LIMITED | GSPC Gas | International Financial Services Centres Authority (#greenhydrogen #greeneconomy)

Avaada Group’s Massive Investment in Hybrid Renewable Projects

• Avaada Group to invest Rs 40,000 crore to develop 6 GW hybrid wind-solar projects in Gujarat. The projects are expected to generate 17.5 billion units of green electricity annually, reducing approximately 16.3 million tonnes of CO2 equivalent emissions, and powering nearly 12.6 million households.
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• Vineet Mittal | Sindoor Mittal (#windenergy #solarenergy)

Jindal and Hygenco Inaugurate India’s First Green Hydrogen Project in the Steel Sector

• India’s first green hydrogen project in the stainless steel sector at Jindal Stainless in Hisar, Haryana. The project, a collaboration between Jindal Stainless and Hygenco Green Energies, is claimed to be the world’s first off-grid green hydrogen plant in the steel sector. The facility aims to reduce carbon emissions by around 2,700 metric tons per annum and 54,000 tons of CO2 emissions over the next two decades.
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• Jayant Acharya | Amit Bansal | B S Nagaraj | Jindal Steel & Power Ltd. | HYGENCO - The Hydrogen Company (#greensteel #greenhydrogen)

Mahindra & Johnson Decarbonizing Buildings in India

• A joint initiative by the Mahindra Group and Johnson Controls to launch the Net Zero Buildings Initiative in India. Aims to decarbonize India’s commercial, urban residential, and public buildings. With the sector accounting for 20% of emissions and more than 30% of energy consumption in the country. It simplifies access to key information and resources to help organizations start their net zero buildings journeys. It is being launched with a toolkit document and will continue to be rolled out over the course of a year from March 2024 using virtual and in-person workshops.
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• Anish Shah | George Oliver | Gretchen Haggerty | Mahindra Group | Johnson Controls (#decarbonization #sustainabledevelopment)

Government’s Green Initiative: Decarbonizing the Shipping Sector with Hydrogen

• National Green Hydrogen Mission (NGHM) with an outlay of ?1.15 billion (~$13.9 million) until the financial year 2025-26. The projects aim to support the deployment of green hydrogen and its derivatives as fuel for ship propulsion and develop bunkering and refueling facilities at ports. The pilot projects are expected to validate the technical and economic viability of using green hydrogen in shipping and assess operational issues, safety, infrastructure needs, and regulations required for scaling up deployment.
• Under component A, existing ocean-going and inland waterways vessels will be retrofitted with green methanol, green ammonia, or hydrogen fuel cell-based propulsion systems at a cost of ?800 million (~$9.7 million).
• Component B involves developing bunkering and refueling facilities for green hydrogen-based fuels at one port on an international shipping route by 2025 at a cost of ?350 million (~$4.2 million).
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• The Shipping Corporation of India Ltd (#government #india #greeninitiatives)

India’s Leap Towards Renewable Energy: New Consumption Norms from April 2024

• New norms for distribution licensees regarding the consumption of renewable energy that India is set to enforce starting from April 1, 2024. These norms are designed to ensure that a certain percentage of electricity consumption by distribution licensees comes from renewable energy sources. The aim is to increase the minimum share of renewable energy consumption over time, starting from 29.91% in the fiscal year 2024-25 to 43.33% by the fiscal year 2029-30.
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• Rhydhm Takkar (#government #india)

Green Hydrogen and Ammonia Plant in Odisha

• A joint venture between IHI Corporation and ACME Group. The plant, which involves an investment of Rs 59,000 crore, aims to produce green hydrogen and green ammonia. The ACME Group plans to set up a large-scale production facility for green hydrogen and green ammonia at the Gopalpur Industrial Park. The project is expected to create employment opportunities for 3,700 people.
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• Hiroshi Ide | Nikhil Dhingra | ACME Group | IHI Corporation (#greenhydrogen #greenammonia)

BEE’s Energy Efficiency in Focus

• New Standards and Labeling Programs, the release of the inaugural edition of India EV Digest the fifth edition of the State Energy Efficiency Index, and the emphasis on the need for energy efficiency in small and cottage industries.
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• Dheep Joy Mampilly (#government #india #greentechnology)

UP’s New GH2 Policy and Bigger Investments

• Uttar Pradesh government on Tuesday approved a green hydrogen policy, and a proposal for setting up two units of 800 MW in Anpara in collaboration with NTPC for Rs 8,624 crore, 50-50 partnership between the state government and NTPC. Goal to produce one million metric tonnes of green hydrogen annually within the next 4 years, by 2028.
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• NTPC Limited | NTPC Renewable Energy Limited ( #uttarpradesh #greenhydrogen)