Australia’s Fortescue eyes hydrogen projects in India
Australia’s Fortescue Future Industries (FFI) has entered into a framework agreement with JSW Future Energy, a wholly owned subsidiary of Mumbai-based JSW Energy, to explore opportunities to develop green hydrogen projects in India, it said on July 29.
Under the agreement, FFI and JSW will collaborate and conduct scoping work on potential projects relating to the production of green hydrogen and explore opportunities to utilise it for green steel making, hydrogen mobility, green ammonia and other mutually agreed industrial applications in India.
“The world’s transition to a renewable energy future represents a major growth opportunity and there will be many important markets for green hydrogen in the coming decade,” FFI CEO, Julie Shuttleworth said. “Collaborating with JSW Energy provides an exciting opportunity to explore India’s renewable energy and green hydrogen market and positively contribute to India’s decarbonisation ambitions.”
JSW Energy CEO Prashant Jain said his company aspires to be a green energy future tech company with a pro-active approach to adopt innovative technologies like green hydrogen, offshore wind, battery energy storage and be a front-runner in the green energy revolution.
“Green hydrogen is going to be the disruptor in the clean energy space and in the near future we believe it will replace the fossil fuels used for various industrial applications as well as in the transportation and mobility sector,” Jain said.