Can Newtrace Turbocharge India’s Push For Green Hydrogen Dominance?

Can Newtrace Turbocharge India’s Push For Green Hydrogen Dominance?

SUMMARY

Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace has built an electrolyser technology that can enable green hydrogen production and its application at a lower cost

In the last three years, the startup has made significant progress in coming out with three versions of its electrolysers — MARK 2 (a 1kW stack), MARK 3 (a 10-100 kW fully automated system), and MARK 4 (a 100-500 kW system)

While a few other top conglomerates are also building green hydrogen electrolysers, Newtrace claims that its proprietary, patent-pending membrane-less electrolyser technology gives almost 99.9% pure hydrogen at 60% less cost

Green hydrogen, often called the fuel of the future, is quickly becoming a reality across the globe. India, too, is working to keep up with the shift towards alternative fuels. While a few other top conglomerates, including Adani Group, Reliance, and L&T Electrolysers, are also aiming to build green hydrogen electrolysers, Newtrace claims that its proprietary, patent-pending membrane-less electrolyser technology gives almost 99.9% pure hydrogen at the lowest capex (60% reduced cost).“When we started building our first electrolyser from our apartment in Bengaluru, everybody had only heard about hydrogen from Elon Musk, and the first question was Gaadi kitni kilometres chalegi? (How much mileage can hydrogen cars give?),” cofounder and CEO Sarkar said. In the last three years, the startup has made significant progress in coming out with three versions of its electrolysers — MARK 2 (a 1kW stack), MARK 3 (a 10-100 kW fully automated system), and MARK 4 (a 100-500 kW system).The startup raised $5.65 Mn in its Seed funding round from Peak XV, Aavishkaar Capital, Speciale Invest, Micelio Fund, and a few other angel investors last year. Besides, it’s also one of the beneficiaries of the Indian government’s production-linked incentive (PLI) for setting up 30 MW/year electrolyser manufacturing.One of India’s key goals in its Green Hydrogen Mission is to replace grey hydrogen with green hydrogen to lower carbon emissions and reduce reliance on fossil fuels. However, the high cost is a major obstacle.“There’s a lot of appetite in the Middle East for electrolysers and green hydrogen production. Then there are countries like Japan also that have started looking at it. We want to complete the development cycle and demonstration cycle in India first, and then go out to explore other geographies,” Sarkar said.

Amid this, green hydrogen is being touted to have a wide range of applications, from road transport and aviation to industrial processes.

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