IOCL, NTPC, Reliance, Adani have announced green hydrogen projects; Shipping Corp of India asked to retrofit at least two ships to run on green hydrogen-based fuels by 2027 by Government
Here’s an article posted in Reuters about India’s investment target on GH2.
According to the article,
- India sets ambitious targets for green hydrogen and green ammonia consumption in certain industries.
- Plans to invest over $2 billion in green hydrogen production capacity by 2030.
- Major companies in India, including Indian Oil Corp, NTPC Ltd, Reliance, and Adani group, have announced plans to build green hydrogen projects.
- India’s green hydrogen market is projected to be valued at USD 8 billion in FY2031 and to grow at a CAGR of 20.61%.
The role of major companies in India’s mission is massive, as they possess the resources and the research capabilities to bring about a major change to the country.
To further India’s vision for green hydrogen by 2030, top companies in India should contribute by:
Our specialty focus areas include 
- Scaling Up Production: Companies like Reliance Industries, ONGC, and NTPC should focus on scaling up their green hydrogen production capacities to meet the ambitious target of 5 million tonnes by 2030. This will require significant investments in renewable energy infrastructure and electrolysis technology.
- Diversifying Applications: Companies should explore various applications of green hydrogen, such as in transportation, shipping, steel production, and power generation. This will help to create a robust demand for green hydrogen and drive its adoption across different sectors.
- Investing in Research and Development: Companies should invest in R&D to improve the efficiency and cost-effectiveness of green hydrogen production, storage, and transportation. This will help to reduce the cost of green hydrogen and make it more competitive with traditional fuels.
- Collaborating with Other Stakeholders: Companies should collaborate with government agencies, research institutions, and other industry players to share knowledge, expertise, and resources. This will help to accelerate the development and deployment of green hydrogen technologies in India.
- Developing Infrastructure: Companies should invest in developing the necessary infrastructure for green hydrogen production, transportation, and storage. This includes building green hydrogen production facilities, pipelines, and storage facilities.
By focusing on these areas, top companies in India can play a crucial role in achieving the country’s vision for green hydrogen by 2030 and contribute to a cleaner and more sustainable energy future.
Interestingly, we have some other posts related to this content:
Green Hydrogen in India – Plan and Projects Unveiled: India targets 115 GW green hydrogen capacity, highlighting renewable energy ambitions, while requiring 50 billion liters of demineralized water for production. India’s Goal in Green Hydrogen and Electrolyzer Manufacturing by 2030: India aims to produce 5 million tonnes of green hydrogen annually by 2030, driving demand for 50GW–60GW of electrolyzers. Market forecast shows significant growth.
