Tata Steel offers 83 lakh in financing for R&D projects in the low carbon sector

As part of their collaboration with the British High Commission in India, Tata Steel will provide funding for research and development (R&D) initiatives in the low carbon hydrogen market. Tata Steel announced it will provide 80,000 pounds (Rs 83 lakh) in funding for two cutting-edge initiatives in the low carbon hydrogen sector as part of the "UK-India Hydrogen Partnership Sprint Series." According to a statement from Tata Steel, the programme is available to participants from India and the UK.

The development and deployment of hydrogen technologies for greening the industrial sector and solutions for hydrogen storage/purification are the first two challenges that the ideas competing for the award are expected to address, according to the business. "Decarbonization and doing it in a way that is both technologically and commercially feasible is the steel industry's top goal today.

"While the current levels of carbon footprint from the steel sector are unsustainable, the available version of clean hydrogen faces numerous challenges like high operational cost and energy loss," said Debashish Bhattacharjee, vice president of Tata Steel for Technology and R&D.