In Short : Hero Future Energies, a leading renewable energy company, is set to venture into green hydrogen projects in the coming months. The move reflects the company’s commitment to exploring sustainable and innovative energy solutions. Green hydrogen, produced using renewable energy sources, is gaining traction as a clean alternative for various industrial applications and energy storage. Hero Future Energies’ foray into this space signifies a strategic response to the evolving landscape of renewable energy and its potential role in the broader energy transition.
In Detail : Hero Future Energies (HFE), a renewable energy developer, is exploring green hydrogen project opportunities in India. HFE, an arm of the Hero Group, anticipates making some announcements in the coming months as these discussions progress and materialise into concrete initiatives.
The company is actively engaging with various customers across India to scout diverse project opportunities. Further, it is looking at green hydrogen in two ways- one is for supplying for conventional usage to replace alternate materials.
HFE has partnered with Ohmium International, an electrolyser company which manufactures in Bangalore, to develop 1,000 MW of green hydrogen production facilities in India, the UK and the rest of Europe. There are again two areas that could work in making green hydrogen available directly to consumers or the public. One which could have a significant impact is to blend it in the city gas distribution (CGD) system. The other way to get closer to the consumer is in heavy-duty mobility.
The firm has a global portfolio of three GW of renewable energy assets across India, Ukraine and Vietnam, comprising operational and under-construction projects. It has another two GW of projects in the pipeline across the above geographies as well as the UK and Bangladesh.