India's Ambitious Green Hydrogen Mission: Progress, Plans, and Potential
Key Ideas
  • India's Green Hydrogen Mission is progressing well, with production set to start by early 2027.
  • A total outlay of Rs 20,000 crore has been announced, focusing on electrolyzers and green hydrogen production.
  • Experts highlight the importance of cost efficiency in green hydrogen and its storage for future success.
  • Various industries like refineries and fertilizer plants are looking to shift from grey to green hydrogen, creating a promising market.
India's Green Hydrogen Mission is making significant strides towards establishing the country as a hub for green hydrogen production, usage, and export. The mission, launched in January 2023, aims to kickstart green hydrogen production by early 2027 with a total outlay of Rs 20,000 crore, primarily directed towards incentivizing electrolyzers and green hydrogen production. The plan includes large-scale electrolyzer manufacturing starting from mid-2026. There is a specific focus on Gujarat, with a target of 3.5 million tonnes of green hydrogen capacity by 2030. The recent panel discussions at Mahatma Mandir during RE Invest-2024 highlighted the importance of green hydrogen for decarbonization and the need for investment and opportunities in the sector. Experts point out that cost efficiency, especially in storage, will be crucial for the success of green hydrogen. The industry is looking towards reducing the price of green hydrogen to ensure competitiveness by 2030. Various CEOs and officials expressed their commitment to making India a global leader in green hydrogen production, emphasizing job creation and technological advancements. The steel industry, known for high carbon emissions, sees potential in adopting green hydrogen if prices remain competitive. Additionally, Indian Oil Corporation Ltd recognizes the increasing energy demand in India and anticipates the initial adoption of green hydrogen as a feedstock for various industries.
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