India is in a very comfortable position and moving towards the growth in terms of green hydrogen concerning its infrastructure, storage and supply in the country, union minister for petroleum and natural gas Hardeep Singh Puri said.
Speaking on the matter, the minister said, “green hydrogen is the future of fuel and it is very important for the environment as it emits only water vapour and warm air. However, it will only be successful when every industry in the country will start using it.”
He further said that the cost of green hydrogen production is USD 4.5 per Kg as of now, which makes it very expensive and limited in use.
“Once the cost of the green hydrogen will come down to USD 1 per Kg it will be beneficial for the economy. It will not only allow the country to transition from fossil fuel to green fuel; but it will also free India from the financial burden of energy imports,” the minister said.
Earlier, Union Minister for New and Renewable Energy Pralhad Joshi said that with an allocation of Rs 19,744 crore, the National Green Hydrogen Mission aims to establish India as a key player in hydrogen production, storage, and application across various sectors.
He noted that India has already made remarkable progress, awarding 4,12,000 TPA of Green Hydrogen production and approving 3 GW of electrolyser manufacturing capacity per annum. Additionally, seven pilot projects have been launched across transportation, shipping, steel, and storage, alongside the publication of 88 standards to ensure safety and scalability.
India started its National Hydrogen Mission on 4 January 2023, aiming to become a global leader in green hydrogen production by 2030, with at least 5 million metric tonne (MMT) annual capacity, attracting more than Rs. 8 lakh crore (US$ 95.9 billion) in investments. The initiative aims to reduce the country’s dependence on fossil fuels, develop job opportunities and foster economic growth.
