The cabinet of Sri Lanka has approved Greenstat Hydrogen India Ltd which is an affiliated body of Greenstat AS, Norway to conduct techno-economic feasibility of a green hydrogen plant based on renewable electricity generated by a floating wind-solar hybrid plant. The proposal was produced to the cabinet by Hon. Energy Minister Udaya Gammanpila and it was approved on the 1st of Feb 2022. This move is a major step in the Sri Lanka’s commitment to end the use of fossil fuels by 2050 and an addition to its diversified renewable energy options.
Hydrogen produced through the electrolysis of water with renewable energy is mainly defined as Green Hydrogen and it is considered as one of the promising options for energy storage. This is a time Sri Lanka focuses on boosting its energy storage capacity to mitigate imbalances that occurred in the grids due to intermittent renewable sources. To meet challenges of 70% by 2030 and 100% by 2050; this movement need to be strong and we at Hydrogennewsletter look forward to seeing developments in this initiative.