JSW Energy and JSW Steel
This latest addition to the Green Steel Tracker is a 25-megawatt green hydrogen project, being developed in cooperation between JSW Energy and LeadIT member, JSW Steel. It is located at the steelworks in Vijayanagar, Karnataka, India. Construction is already underway, and this pilot-scale project is scheduled for commissioning before the end of 2025.
India is already the second-largest producer of steel globally, and when it comes to planned new steel plant construction, it has overtaken China based on future capacity. Recently published research by Global Energy Monitor highlights the importance of transitioning India’s steel sector toward green iron and steel to reduce emission intensity and contribute to global emission reductions.
The inclusion of India’s first green steel project in the LeadIT Green Steel Tracker is significant because India's actions have global importance, and this is one strong signal of momentum towards decarbonizing steelmaking in a critical region for climate action. Monitoring such developments is essential to understand the pace and direction of change in global industry.
Eileen Torres Morales
Analyst and Transition Trackers Lead
Other key findings
- The latest tracker update also includes a new pilot project in Australia.
- 40 of the active projects will fully phase out blast furnaces – 12 are already operational, 23 are planned for commissioning before 2030 and the remainder are expected to be operational after 2030.
- 26 announced projects will complement traditional steel
- One full scale hydrogen-based direct reduction plant project from ArcelorMittal in Gijón, Spain has been reclassified from active to prospective, as the company has postponed its investment.
