India and Spain Join Forces for Green Hydrogen Development
Key Ideas
- The Hydrogen Association of India and the Spanish Hydrogen Association signed an MoU to enhance collaboration in green hydrogen technologies.
- India aims for 5 million metric tonnes of green hydrogen production capacity by 2030, with potential to expand to 10 MMT by 2035.
- Cost reduction is a significant challenge, with a focus on bringing down the price of green hydrogen to boost demand across sectors.
- The partnership aims to combine Spanish technology with Indian manufacturing to develop efficient electrolyzer technologies and reduce costs.
The Hydrogen Association of India (HAI) and the Spanish Hydrogen Association (AeH2) have taken a significant step towards promoting green hydrogen by signing a Memorandum of Understanding (MoU) for bilateral cooperation. The agreement, inked by Dr. R.K. Malhotra of HAI and Javier Brey Sánchez of AeH2, aims to accelerate research, production, and deployment of green hydrogen technologies, aligning with the sustainable energy goals of both nations. The collaboration also includes efforts to enhance workforce skills in this sector.
India has set ambitious targets for green hydrogen production, with a goal of achieving 5 million metric tonnes by 2030 and a potential expansion to 10 MMT by 2035. However, the current cost of production poses a challenge, with Dr. Malhotra highlighting the need to bring down prices to boost demand. The partnership between India and Spain seeks to address this by combining technological expertise with manufacturing capabilities to drive efficiency and reduce costs.
Spain, on the other hand, is targeting a significant portion of its industrial hydrogen demand to be met with green hydrogen by 2030. The country aims to have 12 GW of installed electrolyzer capacity by the same year, emphasizing the shift towards sustainable energy solutions. By leveraging Spanish technology and Indian manufacturing prowess, the partnership aspires to make electrolyzer technologies more efficient and cost-effective.
Overall, the sentiment towards green hydrogen in the article is positive, with a focus on the potential for collaboration to advance technology, reduce costs, and meet growing hydrogen demand in both India and Spain.