Mission to drive Green Hydrogen ecosystem development
Minister of Power and New & Renewable Energy R K Singh has told energy industry stakeholders to make India a leading producer and supplier of Green Hydrogen in the world.
Chairing a stakeholders meeting on 5 Jan 2023 after the Cabinet approved National Green Hydrogen Mission, he said, “The Mission would result in attractive investment and business opportunities for the industry, contribute significantly to India’s efforts for decarbonization and energy independence.
“It will also create opportunities for employment and economic development.”
The Minister further stated that the Mission will drive the development of the Green Hydrogen ecosystem in the country through an array of measures towards demand creation, strengthening the supply side while working on regulatory framework, technology and innovation to enhance affordability of green hydrogen.
The Mission targets setting up of at least 5 MMT (Million Metric Tonne) per annum of green hydrogen capacity with an associated renewable energy capacity of about 125 GW by 2030.
The targeted production capacity will bring over Rs.8 lakh crore in investments and will create over 6 lakh clean jobs.
The Mission will support pilot projects in other hard-to-abate sectors like steel, long-range heavy-duty mobility, shipping, energy storage for replacing fossil fuels and fossil fuel-based feedstocks with Green Hydrogen and its derivatives.
The Mission will also support R&D projects and develop a robust framework for Regulations, Standards and Certification, according to the Cabinet announcement on 4 Jan 2023. fiinews.com
