India's Green Hydrogen Revolution: Breaking Cost Barriers
Key Ideas
- India's green hydrogen advancements are gaining momentum through significant investments and cost efficiency.
- A record low price of around $4.70/kg, including taxes, was achieved in a recent tender for a 10,000 ton per year green hydrogen project.
- The project, awarded to Larsen & Toubro, showcases India's ambition to lead in the green hydrogen sector.
- This development highlights the country's commitment to sustainable energy practices and reducing carbon emissions.
India is making significant strides in the green hydrogen sector, positioning itself as a leader in sustainable energy. The country's efforts are reflected in a recent milestone where a major green hydrogen tender secured a record low price in India. At approximately 397 rupees per kilogram ($4.70/kg), this price point, which includes an 18% value-added tax, indicates a highly competitive cost structure for green hydrogen production. Indian Oil awarded the 10,000 ton per year capacity project to Larsen & Toubro's clean energy arm, L&T Energy Green Tech, underscoring the collaboration between state-run entities and private corporations in driving green initiatives. This achievement not only signifies a breakthrough in cost efficiency but also demonstrates India's commitment to advancing sustainable practices and fostering a greener future. By investing in green hydrogen technologies, India is aligning itself with global trends toward reducing carbon footprints and transitioning to cleaner energy sources.