Driving India's Green Hydrogen Revolution: IIT Bombay and HSBC Collaboration
Key Ideas
  • IIT Bombay and HSBC India collaborate to accelerate green hydrogen technologies through innovative projects focusing on production, storage, and utilization.
  • Six projects selected for incubation at IIT Bombay aim to address key challenges in green hydrogen, including indigenous storage systems, cost-effective generators, and alternative combustion burners.
  • The collaboration aligns with India's National Green Hydrogen Mission, aiming to produce 5 million metric tonnes of green hydrogen annually by 2030 to support renewable energy capacity and net-zero emissions target.
  • This initiative not only fosters energy independence and a green hydrogen economy but also contributes to India's sustainable industrial growth and air quality improvement efforts.
IIT Bombay and HSBC India have partnered to advance green hydrogen technologies in India by selecting six innovative projects for incubation. These projects, developed by researchers and students from various Indian institutes, target challenges in green hydrogen production, storage, transportation, and utilization. Notable initiatives include indigenous hydrogen storage systems for commercial vehicles, cost-effective hydrogen generators, and alternative combustion burners to enhance air quality. The selected projects will undergo incubation at IIT Bombay to refine and scale them for commercial viability. The collaboration reflects a joint commitment to achieving a low carbon economy and supporting India's National Green Hydrogen Mission. By driving groundbreaking research, the partnership aims to catalyze a cleaner, self-reliant India and position the country as a global leader in green energy. These efforts align with India's goal of producing 5 million metric tonnes of green hydrogen annually by 2030, contributing to renewable energy capacity and net-zero emissions. Overall, the collaboration between IIT Bombay and HSBC India not only drives innovation but also supports India's energy transition goals, sustainable industrial growth, and air quality improvement.
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