India Hydrogen Alliance Welcomes Six New Members to Accelerate Green Hydrogen Ecosystem
Key Ideas
- India Hydrogen Alliance (IH2A) has expanded its coalition with six new members to boost efforts in developing the hydrogen ecosystem in India.
- Key reports, including the $5bn National Green Hydrogen Hub Economic Viability and Development Plan, have been submitted to support the Indian government's hydrogen ambitions.
- India is rapidly investing in green hydrogen, with plans to produce five million metric tonnes annually by 2030 and establish Green Hydrogen Hubs in states like Gujarat and Tamil Nadu.
- Despite facing challenges like high production costs and limited infrastructure, Indian companies like Reliance Industries are committing significant investments to green hydrogen projects.
The India Hydrogen Alliance (IH2A) has welcomed six new members, including Sumitomo Corporation India, Worley Limited, Jindal Renewable Power, and others, to bolster the development of the hydrogen ecosystem in India. With a focus on advancing India's hydrogen economy, IH2A has submitted crucial reports like the $5 billion National Green Hydrogen Hub Economic Viability and Development Plan to support the government's green hydrogen projects. The alliance, which now includes 26 members, is collaborating with government agencies and state governments to drive the country's hydrogen initiatives.
India is actively pursuing its green hydrogen ambitions by investing heavily in production and infrastructure. The National Green Hydrogen Mission targets five million metric tonnes of green hydrogen production annually by 2030, with a goal to lower production costs to $1-2 per kilogram. The establishment of Green Hydrogen Hubs in states like Gujarat and Tamil Nadu aims to attract private investments and accelerate project deployment.
While companies like Reliance Industries and Adani Group are committing substantial funds to green hydrogen projects, the sector faces challenges such as high production costs and limited infrastructure. Industry leaders emphasize the need for clear regulatory frameworks, infrastructure development, and financing to support the growth of the green hydrogen economy in India. Despite the challenges, the positive sentiment and strategic partnerships within IH2A indicate a promising future for green hydrogen initiatives in India.
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