India's green hydrogen sector is gaining attention as global companies like US-based Plug Power are looking to capitalize on the market. Plug Power is planning to establish 'multi-gigawatt' electrolyser plants in India by 2030, contingent upon the demand and cost drivers set by the Indian government. The company's president expressed willingness to collaborate with local partners to leverage their understanding of the Indian market and accelerate industry growth. They aim to drive costs down and bring green hydrogen to economic parity sooner. This move aligns with the anticipation of hydrogen playing a vital role in meeting India's escalating energy demand, especially concerning long-duration storage needs. In a recent positive development, Plug Power secured a significant $1.7 billion loan guarantee from the US Department of Energy in January. The company is closely monitoring the unfolding projects in India and remains open to strategic partnerships to expedite growth and cost reduction in the green hydrogen sector.