India's Green Hydrogen Race: Ohmium's Bet on Outpacing Chinese Competition
Key Ideas
  • India is offering subsidies to encourage green hydrogen production and export, creating a competitive edge against China.
  • Ohmium's technology, based on PEM electrolysis, is seen as advantageous over Chinese firms using alkaline solutions.
  • Despite the high cost of green hydrogen, Ohmium is focusing on lowering installation expenses and increasing efficiency to stay competitive.
  • The Indian government's support, with initiatives like the National Green Hydrogen Mission, is leading to larger green hydrogen projects in the country.
India is positioning itself in the green hydrogen race with a focus on outpacing Chinese competition. The country is incentivizing companies like Ohmium to produce and export green hydrogen, leveraging subsidies and government initiatives like the National Green Hydrogen Mission. Ohmium, an American company with a manufacturing base in India, is banking on its PEM electrolysis technology to gain a competitive advantage. Despite the challenges of the expensive market, Ohmium is working on reducing installation costs and improving efficiency. The shift in the US administration towards clean energy has redirected Ohmium's export focus to Europe and India, where larger green hydrogen projects are on the rise. With the support of the Indian government's substantial subsidy outlay, the green hydrogen sector in India is witnessing significant growth, attracting investments and driving innovation in renewable energy.
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