In the last few years, green hydrogen has emerged as one of the most promising green technologies which is on the “right” side of global energy transition. Many countries are on a race to implement policies to the existing green hydrogen market and push new applications such as mobility and energy storage. Companies are aggressively investing in this technology as a promising decarbonisation lever or to capture new opportunities in the emerging value chain.
India today is the world’s third largest greenhouse gas emitter and one of the largest consumers of CO2 intensive “grey hydrogen”. In addition to the role green hydrogen will play in decarbonising some of the hardest to abate sectors, it will also enhance India’s energy security, become an attractive off-taker of our growing renewables market, and potentially create a brand new “green-tech” manufacturing and engineering, procurement and construction (EPC) sector.