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India approves $2.3 billion to develop green hydrogen

Marking its biggest effort yet to make India a global hub for production, use and export of hydrogen, the Indian federal government approved $2.3 billion funding with an aim to grow various segments of the green hydrogen sector in India.ENGALURU, India -- The government has approved $2.3 billion to support production, use and exports of green hydrogen, aiming to make India a global hub for the nascent industry.The funding, announced late Wednesday, i s a first step toward establishing the capacity to make at least 5 million metric tons of green hydrogen by the end of this decade.Green hydrogen is hydrogen that is produced through the electrolysis of water, powered by electricity generated from renewable sources of energy. Most of the world’s hydrogen is produced using fossil fuels,...

Published on 1/20/2023 (11 days ago) Hydroelectric

 

The Global Hydropower Turbines Market is expected to reach a value of 1.8 billion USD by the end of 2027

he Hydropower Turbine Market is expected to grow at a CAGR of 5.8% during the forecast period and the market is expected to reach US$ 1.8 billion by 2027HYDERABAD, TELANGANA, INDIA, November 24, 2022 /EINPresswire.com/ -- According to the research report published by Market Data Forecast, the global hydropower market size was valued at USD 1.2 billion in 2021, and it is estimated to reach USD 1.8 billion by 2027, with a registering CAGR of 5.8% during the forecast period.Hydro turbines are devices used in hydroelectric generation plants that transfer the energy from moving water to a rotating shaft to generate electricity. Hydropower is one of the oldest and largest sources of renewable energy and it is used in the natural flow of moving water to generate electricity. There are two types...

Published on 11/30/2022 (63 days ago) Hydroelectric