India is making rapid strides in the field of green hydrogen. Under the National Green Hydrogen Mission, a target of 5 million metric tons of production has been set for 2030. With robust resources, supportive government policies, and industry collaboration, India is progressing towards fulfilling its domestic needs while also becoming a leader in the global market.
Green Hydrogen: India's green hydrogen ambitions have now become a topic of global discussion. The government has allocated a budget of ₹19,744 crore for the National Green Hydrogen Mission, approved on January 4, 2023, with the aim of making the country a hub for green hydrogen production and export. Dave Ernsberger, Co-President of S&P Global Commodity Insights, praised India's initiative, stating that with ample renewable resources and industrial infrastructure, India will secure a b position in meeting domestic energy needs as well as in the global market in the coming years.
Green Hydrogen in Energy Policy
India has made green hydrogen a crucial part of its energy policy. The country's goal is to not only meet domestic energy requirements but also become a major exporter of green hydrogen in the coming years. International organizations also believe that India can emerge as a leader in this sector.
India Praised in International Report
Dave Ernsberger, Co-President of S&P Global Commodity Insights, stated that India's focus on green hydrogen is highly commendable. He explained that India is not only strengthening its energy self-reliance but will also make a significant contribution to the global market. According to him, India's National Green Hydrogen Mission could prove to be a major achievement for the world as well.
Launch of the National Green Hydrogen Mission
The Indian government approved the National Green Hydrogen Mission on January 4, 2023. A budget of ₹19,744 crore has been allocated for this. The mission aims for India to become a global hub for the production and export of green hydrogen and its associated products. The government has set a target of 5 million metric tons of green hydrogen production by the year 2030.
India already possesses abundant renewable energy resources. Large-scale solar and wind energy projects will strengthen India's position in green hydrogen production. The industrial infrastructure and technical capabilities will also make India competitive in this sector. This is why, in the coming years, India can become a major player globally while simultaneously fulfilling its domestic needs.
Collaboration to Accelerate Growth
Experts believe that synergy between the government and private companies is essential to accelerate growth in the green hydrogen sector. If traders and supply chain partners work together, this sector will advance even more rapidly.
The Indian government recently launched a new scheme to promote start-ups. On September 11, Union Minister for New and Renewable Energy, Pralhad Joshi, inaugurated the first Green Hydrogen R&D Conference in Delhi. On this occasion, a funding scheme worth ₹100 crore was announced. Under this scheme, each pilot project will receive assistance of up to ₹5 crore.
Emphasis on New Technologies
In this conference, 25 start-ups presented their projects. These included new technologies such as electrolyzer manufacturing, Artificial Intelligence-based optimization, and biological hydrogen solutions. This initiative will encourage start-ups for research and innovation.
The World's Eyes on India
Today, as the world moves towards clean energy, India's green hydrogen journey can serve as an inspiration for other nations. Internationally, India is now considered an emerging leader in the green hydrogen sector.
