India's Ambitious Plans for Green Hydrogen: Scaling Up Electrolyzer Capacity
Key Ideas
- India is investing in 3,000 MW of electrolyzer manufacturing capacity to support the National Green Hydrogen Mission, aiming for 5 MMT of green hydrogen production annually.
- The Mission targets over Rs 8 lakh crore in investments, creation of six lakh jobs, and aims to reduce fossil fuel imports by over Rs 1 lakh crore while abating nearly 50 MMT of annual greenhouse gas emissions.
- Financial incentives are provided for domestic manufacturing of electrolysers and green hydrogen production under the Strategic Interventions for Green Hydrogen Transition Programme.
- The Ministry of New and Renewable Energy aims to achieve 500 GW of installed electricity capacity from non-fossil sources by 2030, with 211.40 GW capacity installed as of October 31, 2024.
India is taking significant steps to boost green hydrogen production as part of the National Green Hydrogen Mission. The country plans to provide viability gap funding for 3,000 MW of electrolyzer manufacturing capacity annually, supporting the development of 5 MMT of green hydrogen per year. The Mission also aims to attract substantial investments, create job opportunities, reduce fossil fuel imports, and lower greenhouse gas emissions. Financial incentives are in place to promote domestic manufacturing of electrolysers and green hydrogen production. Additionally, pilot projects will be supported in various sectors to encourage the adoption of green hydrogen. The Ministry of New and Renewable Energy is working towards achieving 500 GW of installed electricity capacity from non-fossil sources by 2030, with over 211 GW already in place by October 2024. The focus on green hydrogen reflects India's commitment to sustainable energy practices and reducing its carbon footprint.
Topics
Policy
Electrolyzer
Renewable Energy
Environmental Impact
Investment
Green Technology
Job Creation
Manufacturing
Electricity
Latest News