MoU16 Sept 2024, 02:29 pm
Jindal Steel Invests Big in Green Hydrogen for Steelmaking in Angul
AI Summary
Jindal Steel & Power Limited (JSPL) and Jindal Renewable Power Private Limited (JRPL) have signed an MOU to invest in green hydrogen production for steelmaking in Angul, Odisha. This is the biggest investment in green hydrogen by any Indian steelmaker so far. The collaboration includes a supply of ~3GW renewable energy to JSPL, which will cut fossil fuel energy usage by half in the next 2-3 years.
Key Highlights
- JSPL and JRPL sign an MOU to invest in green hydrogen production for steelmaking in Angul, Odisha.
- This is the biggest investment in green hydrogen by any Indian steelmaker so far.
- The collaboration includes a supply of ~3GW renewable energy to JSPL.
- The project will reduce JSPL's dependence on coal fired energy by 50% in the next 2-3 years.
- The integration of green energy is expected to drastically lower the company’s carbon footprint.