Energy Oil and Gas and Utilities
Is green hydrogen the 'energy of the future' for India?
22 Aug 2021
India is increasingly looking towards hydrogen as an alternative source of fuel to reduce its carbon footprint and meet its growing energy needs.
Prime Minister Narendra Modi launched India's national hydrogen mission on August 15, the country's Independence Day, saying: “The thing that is going to help India with a quantum leap in terms of climate is the field of ??green hydrogen.
“We have to make India a global hub for green hydrogen production and export,” he added, in his address to the nation from the ramparts of the Red Fort in New Delhi.
However, achieving such ambitions will be challenging, given the relatively high cost of hydrogen production, analysts and industry insiders say.
Despite obvious headwinds in terms of regulations, costs and technology, the sector needs development efforts and investment from India's public and private sectors, as it can potentially change the country's energy landscape.