After success of electric, the next ambitious transition for India's journey towards Net Zero would be Hydrogen.

 


After success of electric, the next ambitious transition for India's journey towards Net Zero would be Hydrogen.


As of now most Hydrogen produced (6MMT) in India is grey Hydrogen. India plans to scale up to 30MMT by 2030. This means a huge aspirational journey ahead for India in Hydrogen energy space.

Govt has come up with a PLI and Hydrogen policy towards achieving this. A budget of $175bn under PLI has been allocated towards this mission.

125 GW of RE capacity is expected for generation and transmission in this plan. $75bn have been allocated for this. Additional 100GW of electrolyzer capacity is expected under green hydrogen (water based) under this mission. $400 mil is allocated under green Hydrogen generation.

Majority around 87% of total generation, 26MMT would be required for industrial feedstock including ammonia generation for steel, cement industries. Around 9% (2.7MMT) is expected to go towards transportation sector on medium and heavy trucks.

Total outlay towards National Hydrogen Mission by GOI is a massive $197.44bn.

Reliance New Energy is going to be a major player in this mission. They have already announced plans to start electrolyzer and hydrogen generation under their new energy business with an overall outlay of $10bn. Mr. Mukesh Ambani expects to disrupt this market with an aggressive pricing of $1 per kg as against $6.5 now. Reliance has also planned to use Hydrogen trucks for their captive use of refineries. Adani has also announced an investment of $70bn in this space. Both expect Hydrogen to play a major role in their zero carbon missions.

India's Hydrogen Mission looks very ambitious and ready to make India energy independent as well as a major player in global energy maket. Both electric and hydrogen could be game changers for the entire Indian energy eco system.

Exciting times ahead in this space...

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