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- byStartupStory | December 12, 2022
The Tata group is planning to mark their space in the green hydrogen market with a new project to build EPC solutions. The project is planned based on the needs of non-fuel sources in the country.
They are planning to develop this with around Rs 20,000 crore in green energy projects including green hydrogen over the next three to four years. This will be a partnership with the Indian Oil Corporation (IOC) to establish power plants, critical components, and a separate JV with IOC and ReNew Power for green fuel.
According to managing director Vinayak Pai, the company is trying to create and provide engineering, procurement and construction (EPC) solutions for green hydrogen plants for the country. With the start of this project, Tata also joins the ranks of companies already in this green hydrogen revolution.
Reliance Industries Ltd (RIL), GAIL, NTPC, Indian Oil Corporation, Larsen and Toubro (L&T) and others are other groups pursuing projects for green hydrogen solutions. Tata is one of India’s largest renewable energy players, positioning Tata Power at the top to deliver on the changing landscape of India’s renewable energy focus. The main objective of the Tata Group is to provide the country with energy from green natural resources from wind power to solar power.
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