Bengaluru: The Karnataka Renewable Energy Development Limited (KREDL) announced plans to establish a 300 kW self-sustained green hydrogen plant in the state, aiming to attract further investment in the burgeoning sector, reported The Hindu.
The project, unveiled during this year’s Budget, aims to attract increased investments in the sector.
The pilot project, anticipated to cost ₹10 crore, will be funded by the Ministry of New and Renewable Energy (MNRE). KREDL is currently evaluating potential sites for the plant, with Pavagada and Kalaburagi being considered. The project will require essential components such as a water treatment plant, an electrolyzer machine, and a tanker, in addition to a source of green energy, such as solar or wind.
K.P. Rudrappaiah, Managing Director of KREDL, emphasized the environmental benefits of green hydrogen in averting carbon dioxide emissions. He mentioned, “Green hydrogen can help in lowering carbon dioxide emission, and as a nodal agency for it, we have to showcase those benefits. At the initial level, we are planning to tie up with customers that are interested in purchasing green hydrogen, like multinational companies based in Bengaluru.”
The project is slated for commissioning within six months, with the current focus on preparing a detailed project report (DPR) and obtaining board approval.
Addressing the demand for green hydrogen in Karnataka, Rudrappaiah noted that primary consumers currently include industries such as petrochemical refineries, fertilizer manufacturers, and steel producers. He highlighted the evolving interest in green hydrogen within segments like transportation. However, affordability remains a concern, with companies eyeing exports to European countries where costs are comparatively more viable.
In tandem with this initiative, the Karnataka government is in the process of formulating a dedicated green hydrogen policy, as announced in the Budget.
