India Pushing To Become A Global Leader In Green Hydrogen

NEW DELHI- India is emerging as a global leader in the hydrogen industry, with a strong focus on green hydrogen, according to a report.

Data compiled by S&P Global indicated that India’s potential to become a low-cost hydrogen supplier depends on sustaining its early momentum against strong competitors and securing offtake agreements.

India is positioned to lead the world in developing green hydrogen because of its strong asset base, the report added. It highlighted India’s impressive progress in developing hydrogen capabilities and its leadership role in the global hydrogen industry. Analysts highlighted the National Green Hydrogen Mission’s significance for the transition to cleaner energy and energy independence.

The initiative aims to establish India as a global center for the production, utilization, and export of green hydrogen and its derivatives, with a target of 5 million metric tonnes of annual production by 2030. The mission also sets a goal of capturing 10 per cent of the global trade.

Indian developers are hoping to gain a low-cost advantage, which, in addition to its geographical location, can enable exports to the EU, Japan, and South Korea, the report said.

On September 26 India’s first “hydrogen highways,” was launched, accelerating the country’s green hydrogen initiatives. The project involves setting up hydrogen fueling stations along strategic national highway corridors to support long-haul hydrogen-powered freight.

The government also recently announced a Rs 100 crore call for proposals to support start-ups in hydrogen innovation. The scheme allocates up to Rs 5 crore per project for pilot projects in hydrogen production, storage, transport, and utilization technologies. (IANS)