9JULY 2024TOP STORIESESSAR GROUP FORAYS INTO CLEAN ENERGY SEGMENTEssar Group, a diversified metals-to-infrastructure conglomerate, is embarking on an ambitious journey to become a leader in clean energy. As part of its strategic vision for sustainable growth, Essar plans to invest a significant Rs 30,000 crore over the next four years to set up a green hydrogen plant in Jamnagar, Gujarat. This initiative is a cornerstone of Essar's commitment to decarbonize its operations and contribute to the global transition towards renewable energy.The green hydrogen plant in Jamnagar will be a major investment, with a planned capacity of 1 gigawatt of hydrogen production and associated green molecules capacity of 1 million tonnes per annum. Essar Renewables, a sister concern, will provide 4.5 GW of renewable energy to produce hydrogen through electrolysis, the cleanest known energy source. This green hydrogen can be used in various applications, including transportation, electricity generation, industrial power, and heating.In addition to the green hydrogen project, Essar Group is taking significant steps to decarbonize its existing operations. This includes implementing measures to reduce carbon emissions from its oil refinery operations in the United Kingdom. Looking ahead, Essar Group is considering entering the mining sector for critical minerals, which are essential for electric vehicle batteries, solar panels, and wind turbine magnets. This potential expansion would further align with Essar's commitment to sustainability and support the growing demand for clean energy technologies. NETWEB TECHNOLOGIES TO LAUNCH AMD SERVERS IN INDIAIn a boost to the 'Make in India' initiative, Netweb Technologies has announced the launch of a new range of AMD-based servers from its state-of-the-art manufacturing facility in Faridabad. These servers, equipped with the latest 4th Gen AMD EPYC processors, are designed to support up to 6TB of memory, catering to the high-performance computing needs of data centers and AI systems.Sanjay Lodha, CEO of Netweb Technologies, highlighted the strategic significance of this launch: "This range of servers underscores our commitment to the `Make in India' mission and showcases our capability to produce world-class technology domestically. The announcement follows the recent inauguration of Netweb's high-end computing, storage, and switch manufacturing facility in Faridabad. The facility aims to produce cutting-edge computing systems using the latest technologies from Netweb's partners, including Intel, Nvidia, and AMD.Vinay Sinha, Corporate Vice President of AMD India Sales, expressed enthusiasm about the collaboration: "We are thrilled to support Netweb Technologies with our latest 4th Gen AMD EPYC processors. This partnership exemplifies our commitment to driving technology and innovation forward".This development is expected to strengthen India's position in the global technology landscape, enhancing the country's capability to produce high-performance computing solutions locally, while supporting Netweb's vision of fostering indigenous technological advancements.
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