India's largest engineering and construction company, L&T, is evaluating the feasibility of getting into electrolyser manufacture, reports the Business Line newspaper.
L&T is a builder--it has built hundreds of roads, buildings, bridges and stadia both in India and abroad. It is also an equipment manufacturer, which produces boilers and turbines for power plants, electrical equipment and even nuclear components.
L&T, according to its Whole-time director, Subramanian Sarma, is looking deep into the various electrolyser technologies. It is in talks with global players for licensing technology. However, it is as yet undecided as to whether or not to get into this business.
Asked at a press conference on Thursday when there could be an announcement, Sarma said, "If we decide to go ahead, there could be an announcement this financial year."
However, he also did say that an electrolyser venture "is very much on the cards".
How could it miss the opportunity to get into the manufacture of electrolysers, which are going to be in great demand pretty soon? India today produces 6 million tons of grey hydrogen and if all of this were to be converted into green hydrogen, it would call for electrolyser capacity of about 130 GW. Of course, not all will be converted to green hydrogen. Green hydrogen would likely be 1 million tons by 2030. But even that calls for a good 25 GW of electrolyser capacity.
Today, in India, there is only one electrolyser manufacturer -- Ohmium, a US-based company.
Thus, it appears that L&T is just being cautious in not rushing to make an announcement. There is little doubt that the company will get into this emerging business.
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