September 19, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

India invites US firms to participate in green hydrogen bids

India has invited the US companies to participate in upcoming bids for green hydrogen and electrolysers.

Power and new and renewable energy minister R K Singh on Monday met a delegation led by John Kerry, US Special Presidential Envoy for Climate to discuss further collaboration on climate change issues and to work towards a genuine partnership between the two countries to pave the way for the rest of the world on Energy Transition, an official statement said.

Singh told the delegation that large bids for green hydrogen and electrolysers are planned in the upcoming months.

He also told the US side about the government’s intent to move towards clean energy transition. He further said that the biggest challenge for infusing of renewable energy was storage, which needs to be addressed immediately to make power accessible to the masses. Singh also highlighted India’s upcoming projects in Ladakh on green hydrogen and green energy corridors, the statement said.

Jerry said the US is willing to enter into a genuine collaboration with India to enable it realise the target of reaching 450 GW renewable energy by 2030, which would pave the way for India to meet commitments made under Paris Climate Agreement.

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