India's Green Hydrogen Revolution: Companies Compete for Future Sustainability
Key Ideas
  • A consortium of 13 major companies, including Reliance Industries and L&T, have bid for India's SIGHT scheme to drive the transition to green hydrogen.
  • The companies aim to produce over 622,500 tonnes of green hydrogen annually, surpassing the government's target and indicating industry growth.
  • The Indian government's vision for a green hydrogen economy includes incentives and aims for 5 million metric tonnes of green hydrogen production by 2030.
  • The response to the SIGHT scheme highlights a positive outlook for India's green hydrogen industry, offering economic opportunities and climate benefits.
A consortium of 13 prominent companies, such as Reliance Industries, L&T, ReNew Power, and Waaree Energies, has submitted bids for India's Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. This initiative seeks to propel India towards a green hydrogen economy. The scheme offers incentives of up to Rs 5,400 crore to companies establishing green hydrogen production facilities. These companies collectively aim to produce 622,500 tonnes of green hydrogen annually, exceeding the government's target. The government's National Green Hydrogen Mission targets 5 million metric tonnes annually by 2030, supported by a production-linked incentive scheme. The enthusiastic industry response indicates a promising future for green hydrogen in India, contributing to economic growth and climate action.
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