Highlights

  • TotalEnergies will acquire 25 percent shareholding in Adani New Industries Ltd
  • Partnership centered on green hydrogen

Latest news

PT Usha and Ilaiyaraaja nominated to Rajya Sabha

PT Usha and Ilaiyaraaja nominated to Rajya Sabha

Goa resort drama: 'fake IDs' used to repeat 2019 'rescue' by NCP leaders? | Shiv Sena rebellion

Goa resort drama: 'fake IDs' used to repeat 2019 'rescue' by NCP leaders? | Shiv Sena rebellion

Twitter takes down 'Kaali' director's post containing the film's poster

Twitter takes down 'Kaali' director's post containing the film's poster

Meet Larry the cat: No.10 Downing Street's Chief Mouser and history keepe

Meet Larry the cat: No.10 Downing Street's Chief Mouser and history keepe

WATCH | Showdown between embattled UK PM Boris Johnson and Opposition MP

WATCH | Showdown between embattled UK PM Boris Johnson and Opposition MP

Adani partners with French giant TotalEnergies to produce green hydrogen

Green hydrogen is produced when it is split from water using electricity produced from renewable sources as solar or wind.

Billionaire Gautam Adani's logistics-to-energy conglomerate has roped in French supermajor TotalEnergies as a partner for its green hydrogen production venture that will see an investment of $50 billion over the next 10 years in producing the carbon-free fuel.

TotalEnergies will acquire 25 percent shareholding in Adani New Industries Ltd (ANIL) -- the firm that houses Adani Group's new energy business -- for around $12.5 billion, as per reports.

ANIL will be the exclusive platform of Adani Enterprises and TotalEnergies for the production and commercialization of green hydrogen in India. Adani group statement said the partnership, centered on green hydrogen, is expected to transform the energy landscape both in India and globally.

Adani had in November last year stated that his group will invest $70 billion in the new energy space of the next decade. This included Adani Green Energy Ltd (AGEL), the world's largest solar power developer, investing $20 billion to develop a 2 GW per year solar module manufacturing capacity by 2022-23.

Hydrogen is a clean fuel that, when consumed in a fuel cell, produces only water. Hydrogen can be produced from a variety of resources, such as natural gas, nuclear power, biomass, and renewable power like solar and wind.

Green hydrogen is produced when it is split from water using electricity produced from renewable sources as solar or wind.

Up Next

Adani partners with French giant TotalEnergies to produce green hydrogen

Adani partners with French giant TotalEnergies to produce green hydrogen

'Malfunctions not unique but will be doubly careful': SpiceJet boss Ajay Singh

'Malfunctions not unique but will be doubly careful': SpiceJet boss Ajay Singh

Sri Lankans return to cooking with firewood as crisis deepens

Sri Lankans return to cooking with firewood as crisis deepens

This country moves to make work-from-home a legal right

This country moves to make work-from-home a legal right

LPG Cylinder Price Hike: Pay Rs 50 more per cylinder from today

LPG Cylinder Price Hike: Pay Rs 50 more per cylinder from today

Ola may layoff up to 500 employees amid funding winter

Ola may layoff up to 500 employees amid funding winter

More videos

Twitter moves Karnataka HC, challenges Centre's takedown orders

Twitter moves Karnataka HC, challenges Centre's takedown orders

Crackdown on Chinese firms; ED raids 44 locations of Vivo

Crackdown on Chinese firms; ED raids 44 locations of Vivo

SpiceJet: Delhi-Dubai flight lands in Karachi after fuel indicator malfunctions

SpiceJet: Delhi-Dubai flight lands in Karachi after fuel indicator malfunctions

This moving dining table shared by Anand Mahindra is making rounds on internet

This moving dining table shared by Anand Mahindra is making rounds on internet

Twitter India 'finally' in compliance with govt's new IT rules

Twitter India 'finally' in compliance with govt's new IT rules

Crypto crises in India continues; new TDS rule brings down trading volume

Crypto crises in India continues; new TDS rule brings down trading volume

EV companies under fire, govt sends show cause notice

EV companies under fire, govt sends show cause notice

BMW cars will adopt Android Automotive from 2023

BMW cars will adopt Android Automotive from 2023

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

NYC rents hiked by most in 10 years: Only 1 out of 5 full-time workers can afford it

NYC rents hiked by most in 10 years: Only 1 out of 5 full-time workers can afford it

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.