Clean Energy / Green hydrogen will be a game-changer in the path of energy, know the details here

India is rapidly progressing in the green hydrogen sector and aims to produce 5 million metric tons by 2030. Dave Ernsberger of S&P Global praised India's initiative. The government has also launched a ₹100 crore funding scheme to promote start-ups.

Green Hydrogen: India is now rapidly progressing in the green hydrogen sector and is considered a future global leader in this field. Dave Ernsberger, Co-President of S&P Global Commodity Insights, praised India's efforts focused on green hydrogen and its progress towards clean energy.

Global Praise for India's Achievements

"India's journey to increase hydrogen capacity, its leadership in the global hydrogen industry, and its focus on green hydrogen in particular are truly impressive," Ernsberger said. He added that India's National Green Hydrogen Mission is a significant step towards clean energy and energy self-sufficiency, not only for the country but also globally.

National Green Hydrogen Mission: An Ambitious Step

The Union Cabinet approved this mission on January 4, 2023, with a budget allocation of ₹19,744 crore. Its objective is to make India a global hub for the production, use, and export of green hydrogen and related products. The government has set a target of producing 5 million metric tons of green hydrogen by 2030, which will make India a leader in the clean energy sector.

India's Strong Infrastructure

Highlighting India's strengths, Ernsberger said that the country has abundant renewable energy resources and a strong industrial infrastructure. These factors enable India not only to meet domestic demand but also to establish itself as a major exporter of green hydrogen.

Collaboration: Key to Progress

He emphasized that cooperation between the government, private companies, traders, and all stakeholders across the supply chain is essential to advance the green hydrogen sector. This partnership will help India make rapid progress in this field.

Promoting Start-ups

The Indian government has taken a significant step in this direction. On September 11, Union Minister of New and Renewable Energy Prahlad Joshi inaugurated the first Green Hydrogen R&D Conference in Delhi. A ₹100 crore funding scheme was announced on this occasion, supporting start-ups to innovate in hydrogen technology. Each pilot project will receive financial support of up to ₹5 crore. Twenty-five start-ups showcased their projects at the conference, including innovative technologies such as electrolyzer manufacturing, AI-based optimization, and biological hydrogen solutions.