Driving India's Green Hydrogen Revolution: Unlocking Demand for 5 Million Metric Tonnes by 2030
Key Ideas
  • Unlocking green hydrogen demand is crucial for India to achieve its ambitious 5 million metric tonnes production target by 2030.
  • Strategies include sector selection, public procurement, and exports to meet the target.
  • The report highlights specific demand-side initiatives, such as blending strategies and leveraging public procurement, to boost market uptake and meet the green hydrogen target.
  • Key catalysts like optimizing input costs, securing offtake agreements, and accessing low-cost funds are essential to reduce risks and costs associated with green hydrogen adoption.
A new joint report by Bain & Company, CII, and Rocky Mountain Institute emphasizes the significance of unlocking green hydrogen demand in India to achieve the ambitious goal of producing 5 million metric tonnes by 2030. The report, 'From Promise to Purchase: Unlocking India's Green Hydrogen Demand,' outlines strategies including sector selection, public procurement, and exports to reach this target. It identifies key sectors like oil refining, fertilizers, and piped natural gas that could drive demand for green hydrogen. The report also emphasizes the potential for niche sectors like chemicals, glass, and ceramics, as well as green steel, to contribute to this target. To ensure success, the report suggests a playbook for turning ambition into action, focusing on specific demand-side initiatives and catalysts to reduce risks and costs associated with green hydrogen adoption. By leveraging public procurement, blending strategies, and export opportunities, India can position itself as a leader in decarbonizing hard-to-abate sectors while strengthening energy independence. Overall, the report underscores the need for a well-integrated initiative that spans industries, infrastructure, and exports to achieve the 5 million metric tonnes green hydrogen target.
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