Larsen & Toubro (L&T) announced the establishment of the’ L&T Green Energy Council’, a think-tank comprising notable thought leaders. The council will be responsible to discover green energy technology trends, study growing global policy developments, evaluate emerging business models, and provide collaborative advice. The country aims to achieve energy independence by 2047 and its net zero targets by 2070.
L&T aims to be carbon neutral by 2040 and has already begun projects such as green hydrogen project development/EPC, electrolyser manufacturing, and battery cell manufacturing.
In March 2023, L&T announced that its ‘Power Transmission & Distribution Business’ has won engineering, procurement and construction (EPC) contracts in India and abroad. L&T has secured turnkey packages to construct over 365 km of 765kV double-circuit transmission lines. The Rajasthan transmission line segment will make it easier to transport solar energy from the Ramgarh, Fategarh, and Bhadla complexes to various beneficiaries.
Also, in the same month, L&T signed an agreement to manufacture electrolysers with McPhy Energy, a France-based electrolyser technology and manufacturing specialist. Both companies intend to form a long-term partnership to investigate the opportunities emerging in the emerging green hydrogen market. L&T intends to build a gigatonne-scale manufacturing facility for electrolysers based on McPhy technology in India to meet domestic demand as well as those from other selected geographies.