India’s Hydrogen Mission gets budget boost
The country has kickstarted its ambition to become a green hydrogen production hub, but controversy over conglomerate Adani may slow a flagship project’s development
India has kickstarted its push to become a major green hydrogen production hub with the allocation of additional state funds to stimulate the development of production capacity and equipment manufacturing. The Indian government unveiled its National Green Hydrogen Mission (NGHM) in January, aiming to make the country energy independent and to decarbonise critical sectors. The mission will facilitate demand creation, production, utilisation and export of green hydrogen, with mobilisation of more than $987bn of investment by 2030. Of the $2.43bn outlay meant for the NGHM, around $2.16bn will go towards incentives for the production of green hydrogen and the manufacture of electrolysers.
Also in this section
19 December 2024
More must be done to lower the cost of green hydrogen and its derivatives
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe