Not able to access the article as it asks for subscription.
However , the head line says " RIL, Adani, JSW group, L&T enter race for green H2 and electrolyser"
Is there any other company name appearing in the article other than the above 4 known companies ?
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20 Billion USD (INR 1,66,000 Crore) opportunity in renewable energy storage solution called PSP
As technology evolves on Green Hydrogen and Electrolyser, Here is another update related to this subject.
Before we discuss, let us have a recap on
Hydrogen which finds it’s application as follows.
(1) As a feed stock in Fertiliser plant for production of NH3 Ammonia and DAP
(2) As a feed stock in Oil refineries for
Desulfurization.
(3) Hydrogen required by steel and other industries
.
(4) As a fuel in Automobiles and domestic kitchen mixed with natural gas.
(5) Green Hydrogen as a medium of renewable energy storage solution for feeding to power grid.
(Surplus renewable power during day time to be used to electrolyse water to produce green hydrogen and then stored to produce electricity at night to produce electricity by fuel cell)
For Green hydrogen required for 1,2,3,4 above , Electrolyser is a must, though for point no 5 above , there are other alternatives which would create a big opportunity for us as investors.
While Green Hydrogen production with electrolyser by Reliance , L&T, JSW, Adani would go in to stream sometimes in 2025/26, it is NTPC and other Oil & Gas PSU’s leading from front by importing electrolyser and producing Green hydrogen required for 1,2,3,4 above.
For point 5, Renewable storage solution for feeding to power Grid, two alternatives have been identified - Li ion battery & PSP (Pumped- Hydro Storage Plant). Li Ion battery has its own limitation of import content and it would require maintenance and replacement which is of recurring nature.
So , another proven , easy and cost economical way of renewable storage solution is becoming popular world over is PSP which consists of two reservoirs- one at higher elevation and the other at lower elevation. During day time , when solar power production is at its peak &/ or energy demand is low , surplus solar energy / wind energy is used to pump up water from lower reservoir to the higher one. During the night when solar power is not available, water is allowed to fall by gravity flow on a special turbine coupled with generator to produce electricity. The entire combo of pump turbine generators is available as a kit called “reversible pump turbine”
These projects are awarded on a large scale nowadays.
So the entire PSP consists of 4 segments- (1) Civil construction of reservoirs, (2) Hydro mechanical (HM) for converting hydro energy in to mechanical , (3) Electro mechanical ( EM) to convert to electrical energy. (4) The last segment is ancillaries like pumps, valves, pipes, motors, cranes, transformers, switchgear, compressors, cables, and others.
And the most important thing is that most of these are available within our country.
I was looking for a comprehensive study on PSP which I recently discovered - thanks to JM financial institutional securities. it is very useful for all of us, though it was prepared a few months back, it still holds good for next 4-5 years . it contains a comprehensive list of beneficiary companies and listed stocks in each catagory.
Discl : Invested in some of these companies as disclosed earlier in this thread.
This is not a buy sell recommendation. Please do your own assessment before you invest.
How PSP works and how it is different than conventional Hydro Electric power ?
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Renewable Energy stocks in 2023. Stocks with Highest 1 year return, Lowest Debt & Highest net income
It is only for education & information purpose This is not a buy sell recommendation of any stock. please do your own assessment before investing in any renewable stocks. This list may or may not contain the stock you own and may qualify to be included in the list If it is so, please do share for information of all members.
Govt for Long term exemptions for Green Hydrogen projects and Solar PV modules
(1) China imports to be allowed.
(2) exemption from Import duties for Green hydrogen Equipments for Green Hydrogen export oriented units
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India awards 12 GW in Hybrid-RTC Renewable energy project
Hybrid meaning :
Wind plus solar
RTC means Round the clock power with energy storage solution.
Currently, the capital cost for RTC projects with pumped storage is Rs.6.5-7 crore per MW, while it is higher at Rs.12-13 crore per MW for RTC projects with battery energy storage systems.
“In terms of tariff, it works out to Rs.6 per unit for pumped storage, while it is Rs.9 per unit in battery storage.
The above cost would come down gradually
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Om …Thanks…nice information.
Above per MW RTC cost is Wind+Solar+Hydro & Wind+solar+hydro+battery…yes ?
I was wondering if similar cost/tarrif information is possible to have for only Solar, only Wind, solar+wind, solar+wind+battery
I was also wondering what could be additional costs if Fuel cells are used instead of batteries ?
I think the renewable is going to go to next level, since even Rs.9 is less than what industries are getting as tarrif ? ( if this is a gross kWh rate at the factory and wheeling,xmission,surcharges , other charges are included )
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Thanx. Good questions !
my views :
(1) There is a big difference between “Hydro power” & “Pumped hydro storage project” also known as PSP.
(2) Hybrid by definition is a combo of any two out of Solar , Wind, Hydro power.
Because if we combine all 3 together , it may become a complex project
(3) In India when we say Hybrid - it is mostly a combo of Solar & wind , though there can be other combo of any two possible
.
(4) RTC Hybrid meaning the hybrid project is integrated with an energy storage solution either PSP or BESS.
(5) In cost, only two costs are being discussed currently - RTC Hybrid with PSP & RTC Hybrid with BESS
(5) If electrolyser Fuel cells are used , my guess is cost could go up by at least 40-50% due to import content - seen some where in digital media. and these capacities are yet to come up to deploy as energy storage.
So currently , All electrolyser capacities in India and imported ones are diverted for Green hydrogen requirement for Fertilizer , Refineries, industries , which is huge
(6) So the preferred mode of energy storage is PSP due to initial cost reasons and life of PSP is 30-40 years , BESS life is 15 years and PSP is all indigenous and BESS involves import of lithium ion battery or its ingredients involving rare elements.
I may be wrong and I stand corrected
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India gets bids for Green hydrogen electrolyser incentives. Full list of companies in the link below
The last date for bids was 12 Dec 2023. 14 companies have applied for Green hydrogen and some 21 companies have applied for electrolysers
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Hydrogen therapy developed by Chinese researchers that could reverse Ageing, Neuro-degenerative disorders, Cardiovascular disease, Pulmonary disease, Alzheimer’s, Diabetes, and Cancer, according to National Library of Medicine.
Any idea when the successful bidders will be declared? What are the next steps and timelines in the bidding process?
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Good questions raised and we have debated earlier in this thread on this topic.
I find Someone has already commented at the end of the article
" Meaningless fears! India impounds only 20% of its rainfall. and if we do more rain water harvesting , it will take care of all our requirement"
I tend to agree to this point.
Rain water apart, while how they arrived at conclusion is not given, i suspect Perhaps the authors seem to have ignored other considerations.
(1) Hydrogen consumption is a closed loop system. Hydrogen is produced from water…But when Hydrogen is finally burnt as fuel as in automobile or domestic gas it will produce steam H2O which goes to atmosphere which comes back in rain as water.
.(2) if hydrogen is used as in a fuel cell to produce electricity for example for grid connectivity , the bye product is water which can be recycled back.
(3) Even if hydrogen is used to produce Fertiliser such as Ammonia ,DAP, SSP. which are used to raise food crops which we eat as carbohydrates and carbohydrates produce water when human body metabolise.
(4) we are lucky that our country and our geographical location is such that we have Surrounded by Sea all around East coast, West coast and south india…While rain water harvesting there is a lot of scope and we still have a long way to go , desalination of sea water always remains as an option.
(5) Coming back to Rain where India can take massive efforts in rain water harvesting , nature and Rain God has been very kind to give us 2 monsoons- SW monsoon during June- Sept and NE monsoon in Oct-Dec.
We have Himalaya in North and western ghats and eastern ghats which ensure that we have enough rain in southwest monsoon during June- Sept during which The Himalayan ranges form a barrier to the southwest monsoon winds crossing over to Tibetian low pressure area thereby causing heavy to very heavy rainfall . The western Ghats slso.act as a key barrier, intercepting the rain-laden monsoon winds that sweep in.
The Northeast monsoon ( Oct- Dec)arises due to high-pressure zones that are formed over the Siberian and Tibetan plateaus.
Winds all the way from Siberia blow towards India…However they are blocked by the northern Himalayas which do not allow them to enter the Indo-Gangetic plain. However, they escape from the North-eastern Himalayas and enter Bay of Bengal and from there the moister laden wind blows towards south east and bring rainfall to the eastern coastal states of South India, including Tamil Nadu, Andhra Pradesh, and parts of Kerala
Therefore , we will never have dearth of water in india- we are lucky. Analysis may be flawed.
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Hydrogen Fuel cell electric trains in India
To start with Indian Railways (IR) has envisaged to run 35 Hydrogen trains under “Hydrogen for Heritage” at an estimated cost of ₹ 80 crores per train and ground infrastructure of ₹ 70 crores per route on various heritage/hill routes,” The timetable calls for the first trains to run between Jind and Sonipat beginning in 2024.
The Heritage routes are narrow-guage railways including Matheran Hill Railway, Kangra Valley, Bilmora Waghai, Marwar-Devgarh Madriya, Nilgiri Mountain Railway, Kalka Shimla Railway, and Darjeeling Himalayan Railway.
any idea who is building fuel cells for it, KPIT or some others ?
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Most likely it is Ballard Power Systems
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