Driving Green Innovation: India's National Green Hydrogen Mission Funding Initiative
Key Ideas
- MNRE launched the National Green Hydrogen Mission to support the development of testing facilities and infrastructure for green hydrogen technologies.
- The Scheme provides financial support for both new and existing testing facilities, aiming to create and disseminate technology knowledge and protect intellectual property rights.
- MNRE will fund up to 70% of the capital cost for testing equipment for non-government entities and allocate support for operational expenses over a four-year period.
- The Project timelines set by the Scheme require new facilities to be completed in 18 months and upgraded projects in 12 months, with possible extensions up to 6 months under certain conditions.
The Ministry of New and Renewable Energy in India launched the National Green Hydrogen Mission to promote the development of testing facilities and infrastructure for green hydrogen technologies. This initiative aims to validate and certify the components, technologies, and processes in the green hydrogen value chain and identify any existing gaps. The Scheme guidelines released in July 2024 outline a budget of INR 200 crore until 2025-2026 to fund testing facilities, infrastructure, and institutional support for the development of standards and regulations. Both public and private entities can benefit from this Scheme, which is managed by the National Institute of Solar Energy. The funding support covers capital costs, equipment commissioning, and installation. Operational expenses are also supported for up to four years. Project timelines are defined, with incentives for timely completion and penalties for delays. The Scheme is seen as a positive step in fostering innovation and accelerating the adoption of green hydrogen. It is expected to enhance participation from various stakeholders and contribute to the standardization and development of the green hydrogen value chain, ultimately aiding in the formulation of future policies and testing standards.
Topics
Certification
Renewable Energy
Government Support
Technology Development
Funding Scheme
Standards And Regulations
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