Driving Towards a Sustainable Future: IIT Bombay and HSBC India's Green Hydrogen Initiative
Key Ideas
  • HSBC India and IIT Bombay collaborate to accelerate green hydrogen technologies through innovative projects.
  • Six shortlisted projects aim to address key challenges in green hydrogen production, storage, transportation, and utilization.
  • Green hydrogen not only benefits the environment but also boosts economic growth, enhances energy security, and supports India's net-zero vision.
  • The partnership aligns with the Indian government's National Green Hydrogen Mission to develop a thriving green hydrogen economy by 2030.
Transitioning to sustainable energy sources is crucial in combating climate change. IIT Bombay and HSBC India have joined forces in a Green Hydrogen programme to fast-track the development and deployment of green hydrogen technologies. The initiative received numerous innovative project proposals from leading academic institutions in India, with six projects selected for further incubation at IIT Bombay under the supervision of industry experts and senior faculty. These projects focus on various aspects of green hydrogen technology, from production to storage and utilization, aiming to revolutionize the energy landscape. The collaboration aims to nurture these projects towards commercial readiness, supporting India's journey towards energy independence and a cleaner, self-reliant future. The Indian government's National Green Hydrogen Mission, supported by these efforts, envisions a significant reduction in carbon emissions and the development of a robust green hydrogen economy by 2030. Through groundbreaking research and innovative solutions, the partnership between HSBC India and IIT Bombay is set to pave the way for a more sustainable and greener India, aligning with global sustainability goals and driving the country towards a net-zero future.
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