Ducon Infratechnologies rose 2.69% to Rs 22.90 after the company announced that it has set up a new business division, “Hydrofule”, to focus on reducing the production cost of Green Hydrogen.Ducon Infratechnologies has set up a new business division, Hydrofule, in its wholly owned USA based subsidiary to carry out research & development work on building a large scale economical Green Hydrogen Electrolyzer that will work with solar energy to achieve a conversion efficiency of at least 70%.
The zero-carbon fuel, Green Hydrogen, is made using renewable power from wind or solar sources to split water into hydrogen and oxygen through an electrolyzer. Currently, regular electricity to hydrogen electrolyzers provide over 70% efficiency but they do not generate Green…