New Delhi: Union power minister Raj Kumar Singh on Sunday said that countries should come together and work towards making hydrogen fuel cells more efficient in a bid to move towards hydrogen-based economies.
In order to boost investments and set up renewable energy facilities in developing and under-developed countries, including those in Africa, Singh said there would be requirements for a credit guarantee fund and a renewable energy bank. He also stressed on the need for easier technology transfer to accelerate the pace of energy transition.
He was of the view that in order to move toward a hydrogen-based economy, the efficiency of fuel cells is critical.
Speaking at a roundtable with the President of the European Commission, Ursula von der Leyen and industry players in the renewable energy space at the headquarters of…