IIT Bombay and HSBC India Collaborate on Green Hydrogen Innovation
Key Ideas
  • National Green Hydrogen Mission in India targets 5 million metric tonnes of green hydrogen annually by 2030, contributing to renewable energy capacity and carbon emission reduction.
  • HSBC India and IIT Bombay partnership shortlists six innovative green hydrogen projects from various leading Indian institutions for incubation and commercial use.
  • The projects aim to revolutionize green hydrogen production, storage, transportation, and utilization, addressing key challenges and promoting sustainable energy practices.
  • Collaboration between HSBC India and IIT Bombay reflects a commitment to a low carbon economy, energy independence, and support for the Indian government's vision of a green hydrogen transition.
The collaboration between IIT Bombay and HSBC India focuses on accelerating the development and deployment of green hydrogen technologies in alignment with India's National Green Hydrogen Mission. The project aims to produce at least 5 million metric tonnes of green hydrogen annually by 2030, significantly contributing to the country's renewable energy capacity and carbon emission reduction targets. HSBC India, in partnership with IIT Bombay, has shortlisted six innovative green hydrogen projects from leading Indian institutions for incubation, addressing key challenges in green hydrogen production, storage, transportation, and utilization. These projects range from developing indigenous hydrogen storage systems to creating sustainable alternatives for combustion processes, aiming to improve air quality and reduce carbon emissions.
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