Indian Oil presently provides EV charging stations in over 500 towns and cities, as well as on several state and national roads. According to the statement, the corporation intends to build a network of 3000 charging stations around the country to turn highways into e-highways within the next three years.
Indian Oil, the country’s largest refiner and reseller of fossil fuels, announced on Friday the installation of 1,000 electric car charging stations.
“With the successful deployment of over 1000 EV charging points, we have achieved the first of many milestones in enabling the country’s EV revolution,” stated Mr. V Satish Kumar, Director (Marketing), Indian Oil.
In the next three years, the business plans to install EV charging stations at 10,000 gas stations. “This would offer buyers confidence for an unbroken drive as well as automotive manufacturers to increase manufacturing of electric vehicles,” Kumar added.
Indian Oil presently provides EV charging stations in over 500 towns and cities, as well as on several state and national roads. According to the statement, the corporation intends to build a network of 3000 charging stations around the country to turn highways into e-highways over the next three years.
For the installation of EV chargers at its petrol stations, the business has cooperated with Tata Power, REIL, PGCIL, NTPC, Fortum, Hyundai, Tech Mahindra, BHEL, and Ola.
Hydrogen is used in refineries to eliminate excess sulfur from gasoline and fuel. Currently, hydrogen is created using fossil fuels such as natural gas or naphtha, resulting in carbon emissions.
IOC, India’s largest oil company, plans to install “green hydrogen” facilities at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units, seeing the recently announced green hydrogen policy as a watershed point in the country’s energy transformation that will help lower costs. According to SSV Ramakumar, Director of Research and Development at Indian Oil Corporation (IOC), the new strategy would reduce the cost of producing green hydrogen by 40-50 percent.
“This (policy) is the single most important enabler by the state for green hydrogen generation,” he told PTI here.
Hydrogen is used as process fuel in oil refineries, fertilizer factories, and steel mills to manufacture final goods.
IOC intends to replace this ‘grey hydrogen’ with ‘green hydrogen,‘ also known as ‘clean hydrogen,’ by splitting water into two hydrogen atoms and one oxygen atom using electricity generated by renewable energy sources such as solar or wind power, a process known as electrolysis.
“The average cost of renewable power is Rs 2 per kWh (or per unit) at the generation site (say solar farm in Rajasthan or Ladakh). After deducting various charges levied after its transit across transmission lines in several states, this amounts to Rs 4 to 7 per unit “He stated.
Green hydrogen generation costs Rs 500 per kilogram at a factory-gate cost of Rs 4 to 7 per unit. This cost is in comparison to the current grey hydrogen price of Rs 150 per kilogram.
Renewable energy utilized for green hydrogen generation will have open access without a central fee and zero inter-state transmission rates for 25 years if projects are completed by June 30, 2025, according to the green hydrogen policy unveiled on February 17.