Empowering India's Green Hydrogen Revolution through Innovation and Collaboration
Key Ideas
- The IIT Bombay and HSBC India Green Hydrogen programme received innovative project proposals from top Indian institutions to accelerate the development and deployment of green hydrogen technologies.
- Six projects have been shortlisted for incubation at IIT Bombay, focusing on solutions for green hydrogen production, storage, transportation, and utilization.
- Partnership between HSBC India and IIT Bombay aims to nurture innovations, make green hydrogen cost-effective and sustainable, and contribute to India's energy independence.
- The National Green Hydrogen Mission in India aims to develop a green hydrogen production capacity of 5 million metric tonnes per year by 2030, supporting the country's renewable energy capacity and net-zero vision.
The collaboration between IIT Bombay and HSBC India in the Green Hydrogen programme is a significant step towards fostering a sustainable and clean energy future in India. Through the partnership, innovative projects addressing key challenges in green hydrogen technology have been identified and shortlisted for further development and commercial readiness. These projects include solutions for storage, transportation, and utilization of green hydrogen, with a focus on reducing carbon emissions and improving air quality in urban areas. The overall goal of the initiative is to make green hydrogen a cost-effective and scalable energy option, aligning with the Indian government's National Green Hydrogen Mission. This mission aims to establish a robust green hydrogen economy in India, contributing to energy independence and supporting the transition to a low-carbon economy. The involvement of top academic institutions and industry experts highlights the potential of green hydrogen to drive innovation and economic growth in the country. With a strong commitment to sustainability and collaboration, India is poised to lead the global green energy movement and achieve its ambitious targets for renewable energy capacity and carbon emissions reduction.