Hero Future Energies plans ₹4,000-crore green hydrogen push, says chairman Munjal
The proposed investment comes as the company looks to expand its clean energy portfolio through FY30, with a growing focus on hybrid, storage-backed and round-the-clock renewable power projects alongside solar and wind
Hero Future Energies (HFE), a renewable energy firm backed by KKR, plans to invest ₹4,000 crore in green hydrogen projects over the next three to four years. Chairman Rahul Munjal stated that the company is targeting early entry into an industry that is expected to grow in the coming years. Green hydrogen, produced using renewable electricity, is seen as a cleaner alternative to fossil fuels in hard-to-abate sectors such as steel, cement, and refining.
HFE is currently evaluating 50 MW electrolyser and 250 MW hybrid renewable energy projects with an estimated investment of ₹4,000 crore. The company is also exploring green ammonia as a downstream derivative. Munjal believes that in about four years, green hydrogen may become a mainstream energy commodity, and HFE, with its experience from ongoing projects, may be well-positioned to invest further in large-scale green hydrogen projects.
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