India's Green Hydrogen Revolution: From Aspiration to Action
Key Ideas
- India aims to produce 5 MMT of green hydrogen by 2030, with a strategic roadmap outlined in a collaborative report by Bain & Company, CII, and RMI.
- Key sectors like oil refining, fertilisers, and public procurement are highlighted as drivers for green hydrogen demand, with potential for up to 2 MMT from refining alone.
- Blending green hydrogen into existing sectors and leveraging public procurement for green steel could significantly boost demand while keeping costs relatively low.
- Export opportunities, especially in green steel, could further drive demand, positioning India as a key player in the global green hydrogen market.
India is targeting the production of 5 million metric tonnes (MMT) of green hydrogen annually by 2030, and a recent report by Bain & Company, CII, and RMI suggests that this ambitious goal is achievable. The report titled 'From ‘Promise to Purchase: Unlocking India’s Green Hydrogen Demand' outlines a strategic pathway to unlock demand across various sectors. The key sectors identified include oil refining, fertilisers, piped natural gas (PNG), public procurement, and exports, which collectively could drive the required demand volume. The report emphasizes that blending green hydrogen into high-volume sectors like refining and fertilisers can create significant demand with minimal cost increases.
The potential for up to 2 MMT of green hydrogen demand from oil refining alone showcases the transformative power of integrating green hydrogen into existing industries. Furthermore, public procurement initiatives, particularly in infrastructure projects using green steel, could unlock an additional 0.6 MMT of demand. The report also underlines the export potential for green hydrogen and products like green steel, with India's competitive renewable energy prices positioning it as a leading exporter.
The sentiment in the article is overwhelmingly positive, with stakeholders expressing confidence in India's ability to transition towards energy independence and global competitiveness through green hydrogen. The focus on long-term policy certainty, carbon pricing, hydrogen hubs, and global certification frameworks underscores the comprehensive approach needed to achieve the 5 MMT target. Overall, the collaborative efforts outlined in the report suggest that India's green hydrogen revolution is not just an aspiration but a tangible pathway to action.
Topics
India
Renewable Energy
Energy Transition
Exports
Public Procurement
Demand-side Interventions
Strategic Pathways
Latest News