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Jindal Steel (JSPL) and Jindal Renewables (JRPL) have announced a landmark Memorandum of Understanding (MOU) to implement India’s biggest investment in green hydrogen by any Indian steelmaker till date. This collaboration underscores a major commitment by both companies towards decarbonization and green energy leadership in India’s steel industry.  JSPL’s plan to integrate green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha. This initiative represents a significant leap towards low emission steel production. In the first phase, Jindal Renewables will develop a green hydrogen generation capacity of up to 4,500 tons per annum set to commence by December 2025. In addition, the project will also entail supply of 36,000 tons of oxygen per annum that will be used in the Angul steelworks. JRPL will also be supplying ~3GW of renewable energy to JSPL’s facilities reducing the steelmaker’s dependence on coal fired energy by 50% in the next 2-3 years. This integration of green energy is expected to drastically lower the company’s carbon footprint. #greenhydrogen #DRI #EAF #steel #electrolyzer #decarbonization #renewable #iron #greensteel https://lnkd.in/gHx3W6YF

Low emission and near zero emission steel is gaining attention. Its current global production is less than 1MT but needs to grow substantially to lower sectoral emissions. As the second largest producer of steel in the world India needs to move fast on decarbonising steel production. - Jindal Steel & Power Ltd. announced the signing of a Memorandum of Understanding (MOU) with Jindal Power Limited (JRPL) to initiate India’s largest investment in green hydrogen by a domestic steelmaker. - Under the agreement, JSPL plans to integrate green hydrogen into its direct reduced iron (DRI) units at its Angul facility in Odisha, making it the largest green hydrogen project in the Indian steel industry. - As part of the deal, JRPL will spearhead the development of green hydrogen production with a capacity of up to 4,500 tonne annually, set to begin by December 2025. - JRPL will also supply approximately 3GW of renewable energy to JSPL’s operations. This will reduce the company’s reliance on coal-fired energy by 50% over the next two to three years. https://lnkd.in/dBFa4QpR

Key Points: 1. Green Hydrogen Investment: - Jindal Steel & Power (JSPL) and Jindal Renewable Power Private (JRPL) signed an MoU to invest in green hydrogen production for steelmaking in Angul, Odisha. - This represents India’s largest green hydrogen investment by a steelmaker. 2. Green Hydrogen Integration: - JSPL plans to use green hydrogen in its direct reduced iron (DRI) units, reinforcing its commitment to decarbonization and green energy leadership in India’s steel industry. 3. Project Details: - In phase one, JRPL will develop a green hydrogen generation capacity of up to 4,500 tons per annum by December 2025. - The project will also supply 36,000 tons of oxygen per year for use in Angul steelworks. - JRPL will provide 3GW of renewable energy to JSPL, cutting coal-fired energy reliance by 50% in 2-3 years. 4. Commitment to Sustainability: - JSPL's strategy aims to reduce its carbon footprint and set new sustainability benchmarks in the Indian steel industry. - The initiative accelerates JSPL’s transition to lower-emission steel production using green hydrogen and energy.

The future needs such Initiative to growth securing md ensuring guarantee of business for Indian Industry

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While we are witnessing the growth in renewable energy sector, Coal still takes up the major chunk of the upcoming projects in energy policy of the GOI. Underlying the importance of coal in satisfying the power appetite of the growing economy, which the other sources have not been successful to meet yet. Nuclear power might be one of the strongest contender to replace coal, which has its own limitation due to longer project life cycles, heavy investments and short supply of competent Human Resources. Reliability at least in terms of grid stability of renewable sources is one the biggest barriers in this context. The scenario also emphasises the imminent need of better power management at grids, development of smart grids and micro grids, the need to press the pedal and go full throttle for on this front.

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JSW To Set Pumped #storage Project, Plans Rs 9,000 Crore Investment In #Telangana A Memorandum of Understanding (MoU) was signed with the state government Read Here: https://t.ly/P2RIU JSW Energy Ltd #latestnews #telangana #energy #todaypost #biginfodotin #businessandfinance #investingstrategy #salesleads #projectnews

JSW Steel USA to invest USD 110 mn to expand renewable energy biz JSW Steel USA, a proud subsidiary of India’s leading steel company, is set to invest USD 110 million in Texas, driving forward the production of high-quality monopile steel plates. This move supports the Biden administration's ambitious goal of deploying 30 GW of offshore wind energy by 2030, enough to power 10 million homes with clean energy. 🌱🏡 Director Parth Jindal highlights, "These investments will enable us to deliver high-quality steel products while further defining our niche markets through a 'Made in America' specialty steel portfolio." This expansion promises to reduce US import reliance in infrastructure and renewable energy sectors and boost the domestic renewable energy market. These projects, expected to be completed by FY26, build upon JSW USA's recent USD 145 million investment in Mingo Junction, Ohio. Congressman Brian Babin proudly states, "The 'Lone Star State' is the best place to live, work, and raise a family, and continued investment will ensure future growth and economic opportunities for the entire region." Atul Keshap, President of the US-India Business Council, adds, "Through initiatives like this, the US and India will continue to see convergence based on trust, partnership, and mutual progress." Proud to witness these impactful steps towards a sustainable and prosperous future! 🌍 #RenewableEnergy #SteelIndustry #OffshoreWind #CleanEnergy #JSWSteel #Sustainability #Investment #Innovation #Texas #MadeInAmerica #USIndiaPartnership

With the groundbreaking Gujarat Urja Vikas Nigam Ltd. (GUVNL) BESS tender results coming out, I just had to write about it. New energy storage is now a fraction of the price of new coal, with much higher system benefits (as I discuss in the post). I estimate that Indian DISCOMs could save over 1 Lakh Crore per year, by subjecting new planned/under permitting coal to an economic test (eg. a Swiss Auction or Least Cost resource planning), in addition to benefits in terms of grid reliability. https://lnkd.in/dKCi6DMN Congrats to our friends Gensol Group and IndiGrid for their winning bids! Debmalya Sen thanks for sharing Rahul Tongia My latest estimate is 18% of load can be met by 2-hour storage (if sufficient wind/solar is built). How does this compare to your current modeling? Also, do you still think the new pithead plants can compete?