German giant Thyssenkrupp is betting big on the production of green hydrogen thanks to its exclusive electrolyser technology in India at a time when plans are underway at headquarters to sell its hydrogen business and bring it soon to the stock exchanges.
The company informs that there is a growing demand for electrolyser technology globally as well as in India as industries seek greener fuels to reduce their carbon footprint and meet their sustainability goals. Being one of the few companies that demonstrated scalable electrolyser technology, Thyssenkrupp is expanding its production facilities.
“During the ramp-up, there are plans to invest in India as well. We are working on what part of the electrolyser production value chain can we invest and develop in India,” says Cetin Nazikkol, General Manager, Thyssenkrupp Asia-Pacific Africa.
The electrolyser is the equipment used for electrolysis, which splits water into hydrogen and oxygen with the help of electricity. If electricity from a renewable source is used in the process, this results in what is called green hydrogen, or hydrogen without a direct carbon footprint. This hydrogen can then be used as a substitute for coal in high emission industries.
Source: chemindigest
