Unlocking India's Green Hydrogen Potential by 2030
Key Ideas
- India aims to produce 5 million metric tonnes of green hydrogen by 2030, with a focus on demand-side initiatives.
- The joint report by Bain & Company, CII, and Rocky Mountain Institute outlines strategies like blending, public procurement, and exports to achieve this goal.
- Sector-specific opportunities in refining, fertilizers, steel, and more are highlighted, with a potential for significant demand uptake.
- Key catalysts such as cost optimization, offtake agreements, and low-cost funding are crucial to drive green hydrogen adoption in India.
A new joint report by Bain & Company, CII, and Rocky Mountain Institute emphasizes the importance of unlocking green hydrogen demand at scale to achieve India's ambitious goal of producing 5 million metric tonnes (MMT) by 2030. The report, released at the CII International Business Conclave on green hydrogen, outlines a roadmap for India to realize this vision. It suggests strategies like measured blending, sector selection, public procurement, and export alignment to meet the target. The report projects significant demand from sectors like oil refining, fertilizers, steel, and natural gas, along with export opportunities. Stakeholders like CII Energy Transition and Hydrogen Council see this report as a crucial playbook for translating ambition into action, emphasizing the need for demand-side interventions to complement the growing supply of green hydrogen infrastructure. Leveraging public procurement, strategic blending, and export-oriented plays are key focus areas to drive green hydrogen adoption and position India as a leader in decarbonization and energy independence. The report underscores the importance of a well-integrated approach to boost green hydrogen uptake across industries, infrastructure, and exports, setting the stage for a sustainable energy transition in India.