According to MarketsandMarkets Research, a Pune-based market research company, the hydrogen generation market in Inida is expected to reach USD 21.9 billion by 2030, at a compound annual growth rate (CAGR) of 11.1 pc between 2023 and 2030
The investment aims to accelerate the development of startups in clean energy and decarbonisation, aligning with Kerala's ambitious goals of achieving 100% renewable energy by 2040 and net carbon neutrality by 2050.
The report by IEA warns that the risk of price shocks does not disappear in clean energy transitions and that governments must continue to show vigilance on new risks that could affect energy security and affordability.
Nelson Vadassery started Seas6 Energy in 2010 along with Sri Sailaja Nori and Sowmya Balendiran under the expertise of Shrikumar Suryanarayan on the IIT Madras campus
The company aims at utilizing these funds in a phased manner to ramp up production of its much-awaited premium and affordable electric scooter, the Simple ONE
The captive unit will supply clean energy to Airtel's data centers and switching centers in the state and will reduce carbon emissions by 25,517 tonnes annually