- 2023 was a marquee year with huge number of discussions and interventions in green hydrogen. G20 2023 summit saw an accelerated push for adoption of Green Hydrogen (GH). ▪ The Indian Government has pledged to invest 8 Lakh Crore by 2030 through Green Hydrogen Mission.
- This mission was launched in 2021 to address challenges related to high capital investment, large infrastructure, transmission, water availability, and associated technology issues.
- Production of GH would require RE capacity addition. It is estimated that additional 100-125 GW RE capacity will be required to meet the 5 MMT GH target by 2030.
- 1.5. GW capacity for electrolysers has been awarded to 8 companies with the target of 3 years to begin manufacturing.
- Incentives should be provided to electrolyzer manufacturers in India to make the country a global hub for GH production.
- Currently, India offers incentives for production of GH. It is also important to have incentives for its utilisation, which is critical to create demand and thereby lower production costs.
- Cost competitiveness is a major concern for GH development. This can be addressed by reducing the electrolyzer cost, by increasing the utilisation as well as using energy from nuclear plants for electrolysis.
- Research and Development will play a crucial role in reducing costs, such as lowering the costs of renewable energy and improving electrolyzer efficiency.
- Emphasis should be placed on reducing carbon emissions and establishing standards for the large-scale use of GH. Recommendations on standards have been sent to certified agencies for review and validation.
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