Tata Steel offers Rs 83 lakh funding for R&D projects in low carbon segment

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Tata Steel offers Rs 83 lakh funding for R&D projects in low carbon segment


Image Source : FILE Tata Steel offers Rs 83 lakh funding for R&D projects

Tata Steel will fund analysis and growth (R&D) projects in the low-carbon hydrogen segment beneath the partnership with British High Commission in India. As a part of the ‘UK-India Hydrogen Partnership Sprint Series’, Tata Steel stated it would grant 80,000 kilos (Rs 83 lakh) funding for two revolutionary projects in the low-carbon hydrogen segment.

The initiative is open for contributors from India and the UK, Tata Steel stated in a press release. The proposals bidding for the grant are anticipated to deal with two challenges: first, the event and deployment of hydrogen applied sciences for greening the commercial sector and options for hydrogen storage/purification, the corporate stated.

“The priority of the steel sector today is to decarbonise and do it in a way that is both technologically and economically sustainable. “While the present ranges of the carbon footprint from the metal sector is unsustainable, the out there model of fresh hydrogen faces quite a few challenges like excessive operational value and power loss,” Tata Steel Vice President, Technology and R&D, Debashish Bhattacharjee stated.

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