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The IIT Bombay and HSBC India Green Hydrogen program is focused on speeding up the growth and implementation of environment-friendly hydrogen innovations.
IIT Bombay has actually partnered with HSBC to go after technical developments in the direction of making environment-friendly hydrogen manufacturing extra reliable and affordable.
Six tasks for development in environment-friendly hydrogen modern technology from leading universities have actually been shortlisted for incubation under the IIT Bombay and HSBC India Green Hydrogen program, a launch stated on Friday.
The IIT Bombay and HSBC India Green Hydrogen program, focused on speeding up the growth and implementation of environment-friendly hydrogen innovations, saw a multitude of cutting-edge job propositions obtained from 6 IITs, the National Institute of Technology and Indian Institute of Science, Education and Research, the launch stated.
“Out of these, 6 tasks have actually been shortlisted for incubation at IIT Bombay, via a strict procedure by a Steering board consisting of sector professionals and elderly professors from the institute,” it said.
These technologies and solutions presented by researchers, scientists, and students from institutions across India address key challenges in green hydrogen production, storage, transportation, and utilization.
They range from developing indigenous hydrogen storage systems that will help reduce significant carbon emissions from commercial vehicles to cost effective and sustainable hydrogen generators and alternative burners which will improve air quality that has been an alarming issue in most metros in India.
These solutions will be incubated at the IIT incubation centre, nurtured, and refined for commercial readiness by the end of the programme period and comprehensively supported to build scale and enhance reach, the release said.
“We look forward to working with IIT Bombay to nurture these six innovations to make Green Hydrogen a cost-effective, scalable, and sustainable proposition,” stated Hitendra Dave, CHIEF EXECUTIVE OFFICER, HSBC India.
IIT Bombay has actually partnered with HSBC to go after technical developments in the direction of making environment-friendly hydrogen manufacturing extra reliable, affordable, and scalable.
Unveiled by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman in 2023, the 3-year job intends to create cutting-edge tasks to place environment-friendly hydrogen as a tactical different gas that has application throughout sectors and produce a solid environment-friendly hydrogen economic situation to aid India accomplish power self-reliance and sustain the federal government’s objective to give plan assistance for a worldwide environment-friendly hydrogen change.
“This partnership highlights our company dedication to sustaining the Indian federal government’s visionary National Green Hydrogen Mission which settings environment-friendly hydrogen not equally as a lasting gas, yet as a keystone of the nation’s future power landscape,” said Shireesh Kedare, Director, IIT Bombay.
The Indian government has committed to promoting green hydrogen under its National Green Hydrogen Mission, highlighting its potential as a future fuel alternative. It envisions developing a green hydrogen production capacity of at least 5 million metric tonnes per year by 2030.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
