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In an exclusive interview with CNBC-TV18, R Shankar Raman, Whole-Time Director and CFO of Larsen and Toubro (L&T), underscores the critical importance of enhancing solar generation as part of the global energy transition.
L&T’s Strategic Focus on Solar Projects
The world increasingly leans towards cleaner and sustainable energy alternatives, L&T strategically positions itself as a major player in the renewable energy sector, with a specific emphasis on solar projects. The company’s forward-thinking approach aligns with the global shift towards eco-friendly energy solutions.
With a robust order backlog exceeding $6 billion solely in solar Engineering, Procurement, and Construction (EPC), L&T remains committed to manufacturing excellence. This commitment positions the company to play a pivotal role in shaping both India’s and the world’s energy future.
Exploring Hydrogen as an Industrial Fuel Source
L&T’s vision extends beyond solar projects as it explores hydrogen as a promising fuel source for industrial applications. R Shankar Raman highlights the potential of hydrogen in various sectors, including industrial applications, automotive, and transportation. The company is actively involved in manufacturing electrolyzers, a key component for hydrogen generation, with a technology tie-up with McPhy Energy of France.
Manufacturing Electrolyzers for Hydrogen Generation
L&T’s foray into manufacturing electrolyzers represents a strategic move to tap into the burgeoning hydrogen market. R Shankar Raman expresses optimism about the opportunity to scale up electrolyzer manufacturing, leveraging L&T’s expertise in manufacturing. The first electrolyzer is already under construction, marking a significant step in L&T’s commitment to exploring innovative and sustainable energy solutions.
