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India said to plan a $2 bn incentive for the green hydrogen industry
Context
- India is planning a $2 billion incentive programme for the green hydrogen industry, in a bid to cut emissions and become a major export player in the field.
Key Objective:
- Reducing the production cost of green hydrogen by a fifth over the next five years.
- The current cost in India is ?300 to ?400 per kg.
- This will be done in part by increasing the scale of the industry.
- The incentive for making green hydrogen is likely to be ?50 per kg for three years.
- The current cost in India is ?300 to ?400 per kg.
Strategic Intervention for Green Hydrogen Transition (SIGHT)
- The green hydrogen proposal is likely to be called "Strategic Intervention for Green Hydrogen Transition (SIGHT)".
- It will be split into Rs 45 billion for electrolyzer manufacturing for five years and
- The Rs 135 billion for green hydrogen and green ammonia production for three years.
How is the west approaching it?
- The United States and the European Union have already approved incentives worth billions of dollars for green hydrogen projects.
About
About Green Hydrogen:
- Hydrogen can be used as fuel.
- It is made by splitting water with an electrical process, electrolysis.
- If the devices that do that - electrolyzers - are powered by renewable energy, the product is called green hydrogen, a fuel-free of greenhouse emissions.
Major Indian companies Involved
- Reliance Industries, Indian Oil, NTPC, Adani Enterprises, JSW Energy, and Acme Solar have big plans for green hydrogen.
- The Adani Group has partnered with France's TotalEnergies to create a green hydrogen ecosystem.
Green-hydrogen factories in India:
- S.-based Ohmium International has commissioned India's first green-hydrogen factory in Bengaluru.
- Reliance Industries, Larsen & Toubro, Greenko, and H2e Power last year announced plans to build gigawatt-scale factories.
Focus on Green ammonia
- Projections:
- Industry to invest ?8 trillion in green hydrogen and its derivative green ammonia by 2030.
- Global demand for green hydrogen will exceed 100 million tonnes by 2030. Presently it is 75 million tonnes.
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About Green Ammonia:
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Targets:
- India aims to sell 70% of its production to countries such as South Korea, Japan, and the European Union.
- To achieve an electrolyzer manufacturing capacity of 15 gigawatts in phases by 2030. That would be almost 10 times the current global capacity.
- To make 5 million tonnes of green hydrogen annually by 2030.
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Green Hydrogen Policy
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