Newtrace to develop a new class of "membraneless" electrolysers to make a dent in the "green hydrogen" market, which currently is a miniscule portion of the 6 to 7 million tonnes of hydrogen produced in the country annually, all from fossil fuels
Rochan Sinha (left) and Prasanta Sarkar, co-founders of Newtrace
Image: Nishant Ratnakar for Forbes India
Prasanta Sarkar was on an extended backpacking jaunt in India when he decided to stay back and work on a problem. He signed up for Entrepreneur First and hit it off right away with Rochan Sinha. In 2020, they co-founded Newtrace to develop a new class of “membraneless” electrolysers to make a dent in the “green hydrogen” market, which currently is a miniscule portion of the 6 to 7 million tonnes of hydrogen produced in the country annually, all from fossil fuels.
The duo understands the nitty-gritties of build a deep engineering-based hardware product—together bringing many years of experience in areas ranging from aerospace engineering to nanomaterials and electrochemistry.
They have set out to reduce the cost of “green hydrogen” to a level comparable to that of the “grey hydrogen” made from natural gas—currently the clean version is about six times more expensive, they say. And the electrolysers themselves can cost $2,000 or more per kilowatt hour capacity.
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(This story appears in the 24 February, 2023 issue of Forbes India. To visit our Archives, click here.)