India's Ambitious Green Hydrogen Mission and Global Momentum
Key Ideas
  • India sets a goal to produce five-million tonnes of green hydrogen annually by 2030, with the establishment of two green hydrogen hubs and projects in Visakhapatnam worth $27 billion.
  • Europe also shows positive momentum in the hydrogen sector, with discussions on decarbonization with Hydrogen Europe, the European Commission, and Johnson Matthey highlighting the key role of PGMs in green energy technologies.
  • India's National Hydrogen Mission and initiatives like developing a hydrogen-powered train engine demonstrate a commitment to reducing fossil fuel dependence, scaling up renewable energy capacity, and lowering the cost of green hydrogen.
  • Advancements in PGM-based PEM technology for water electrolysis and the collaboration between Vale and GreenIron signify global efforts to reduce emissions and drive decarbonization in mining and metals supply chains.
India has unveiled its ambitious plan to produce five-million tonnes of green hydrogen annually by 2030 under the National Green Hydrogen Mission. Prime Minister Narendra Modi announced the establishment of two green hydrogen hubs, with initial projects based in Visakhapatnam, Andhra Pradesh, valued at around $27 billion. This move comes as part of India's broader goal to become a $2.5-trillion economy by 2047, with a significant focus on renewable energy generation. The development of a 70 MW grid-connected solar power plant further illustrates India's commitment to clean energy. Simultaneously, Europe is making strides in the hydrogen sector, with discussions involving Hydrogen Europe, the European Commission, and Johnson Matthey emphasizing the importance of platinum group metals (PGMs) in green energy technologies. India's initiatives, such as the deployment of a 1,200-horsepower hydrogen-powered train engine, reflect a shift towards reducing fossil fuel reliance and increasing renewable energy capacity. The utilization of PGM-based proton exchange membrane (PEM) technology for water electrolysis showcases promising advancements in clean hydrogen production. Additionally, collaborations like the agreement between Vale and GreenIron aim to reduce emissions in the mining and metals supply chain. These developments align with global efforts to drive decarbonization and combat climate change, highlighting the significant role of green hydrogen in the transition to a sustainable energy future.
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