IIT Bombay and HSBC India Green Hydrogen Programme: Fuelling India's Green Energy Transition
Key Ideas
  • The IIT Bombay and HSBC India Green Hydrogen Programme has selected six innovative projects to advance green hydrogen technologies, in alignment with India's National Green Hydrogen Mission.
  • The projects focus on critical aspects like hydrogen production, storage, transportation, and utilization, showcasing innovations such as indigenous hydrogen storage systems and cost-effective production methods.
  • HSBC India CEO expressed optimism about the potential of these projects to scale green hydrogen and make it economically viable, highlighting the commitment to a low-carbon economy.
  • The collaboration aims to support India's energy independence and green hydrogen goals, contributing significantly to the establishment of a robust green hydrogen economy and aiding in carbon dioxide emissions reduction.
The IIT Bombay and HSBC India Green Hydrogen Programme have shortlisted six innovative projects from proposals submitted by various prestigious institutes in India. These projects aim to advance green hydrogen technologies and address critical challenges in production, storage, transportation, and utilization of hydrogen. The selected projects include a locally designed multi-stack alkaline electrolyzer, indigenous hydrogen storage systems, and a sustainable burner offering alternatives to traditional combustion processes. Additionally, the initiatives focus on developing cost-effective hydrogen production methods, tools for safe hydrogen blending with natural gas, and high-efficiency hydrogen generators. The CEO of HSBC India expressed confidence in the potential of these projects to make green hydrogen scalable and economically viable, emphasizing the commitment to a low-carbon economy. The collaboration between IIT Bombay and HSBC India is crucial in achieving energy independence and aligning with the Indian government's green hydrogen goals. This partnership is expected to accelerate research, catalyze a cleaner, and self-reliant India, ultimately contributing to the country's energy transition. The National Green Hydrogen Mission, introduced in 2023, aims to produce 5 million metric tonnes of green hydrogen annually by 2030, significantly reducing carbon dioxide emissions and bolstering renewable energy capacity. Green hydrogen is recognized as a strategic alternative fuel with broad applications across industries, playing a vital role in diversifying energy sources, reducing emissions, and creating jobs in green sectors. The selected projects through this initiative are poised to play a significant role in India's efforts to establish a robust green hydrogen economy and contribute to a sustainable future.
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