India's Hydrogen Growth Prospects and Challenges Revealed at IESW 2025
Key Ideas
- India's hydrogen demand is poised to grow at a 3 percent CAGR, reaching 8.8 MTPA by 2032, with active developments under the National Green Hydrogen Mission.
- Despite over 9.2 MTPA of green hydrogen project announcements, only a limited number have progressed to Final Investment Decision, posing challenges for meeting the projected demand.
- The IESA report highlights key cost drivers for hydrogen production, stating that the Levelised Cost of Hydrogen remains higher than fossil fuel-based hydrogen, despite price discovery trends aligned with recent margins.
- Industry leaders, including Vinayak Walimbe and Debmalya Sen, emphasize the importance of the IESA India Hydrogen Report in raising awareness and accelerating the green hydrogen mission amidst policy interventions and government initiatives.
At the 11th India Energy Storage Week (IESW) 2025 in New Delhi, the India Energy Storage Alliance (IESA) unveiled a report projecting India's hydrogen demand to grow at a 3 percent CAGR, reaching 8.8 million metric tonnes per annum (MTPA) by 2032. Despite significant green hydrogen (GH2) project announcements, only a limited number have advanced to Final Investment Decision (FID). The report also discussed the National Green Hydrogen Mission's developments and highlighted key cost drivers impacting the Levelised Cost of Hydrogen (LCOH). This information was crucial in light of challenges hindering decarbonisation efforts. Vinayak Walimbe and Debmalya Sen stressed the importance of the IESA India Hydrogen Report in raising awareness among policymakers and industry leaders. IESW 2025, attended by global representatives, focuses on promoting innovation and investment in clean energy technologies, aiming to transition India to a resilient energy system.
Topics
India
Sustainability
Energy Transition
Green Technology
Energy Storage
Government Initiatives
Industry Collaboration
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