Larsen & Toubro (L&T) and the Indian Institute of Technology (IIT) Bombay have announced that they will cooperatively pursue research and development in the green hydrogen value chain.
The partnership aims at improving the energy efficiency, reliability, and equipment cost for green hydrogen production.
Both the institutions signed an agreement for the collaboration recently.
L&T will bring to the partnership its engineering expertise, product scale-up, and commercialization know-how, whereas IIT Bombay's cutting-edge research in hydrogen technologies will help the partnership accomplish its goal.
Last year, the company announced its intentions to focus on 'new energy' areas (such as hydrogen, energy storage, and carbon capture) and operations and maintenance to capitalize on emerging opportunities. Towards that goal, it is positioning itself to drive a green hydrogen economy in India together with its partners.
SN Subrahmanyan, CEO, and MD, L&T, said, "Our partners and clients are also looking forward to leveraging our capability to reduce costs and industrialize Green Hydrogen. This collaboration with IIT Bombay and its world-class technologists will support the cause of developing indigenous globally competitive technologies and nudge India towards AatmaNirbhar in Green Hydrogen technology."
Subhasis Chaudhuri, a director at IIT Bombay, said, "Given the urgency of the climate crisis and India's ambitious target of becoming net-zero by 2070, the transition from fossil fuel to Green Hydrogen will play a key role in this goal. India's National Hydrogen Mission is a step in the right direction, and I am confident that our partnership with L&T will result in scalable and cost-effective solutions."