India Unveils Ambitious Plans to Become Leading Exporter of Renewable Green Hydrogen Fuel

Union Minister R.K. Singh unveiled plans for 24/7 renewable energy using green hydrogen, potentially at Rs. 6/unit. This is cheaper than conventional storage.
Singh said carbon credits can be earned for exported green hydrogen and ammonia, positioning India as a global renewable energy player.
42% of India's energy capacity is from renewables now. Plans are to add 50,000 MW annually.
India aims to have 5.8 million tons of green hydrogen capacity under the National Green Hydrogen Mission, becoming a leading exporter.
The Confederation of Indian Industry report advocates an energy transition investment pipeline to build supply chain resilience.

republicworld.com

Relevant topic timeline:

8/24/2023

What's Going On With Plug Power Stock?

Green hydrogen producer, Plug Power, aims to substantially increase production in the coming years.

8/26/2023

Green Hydrogen Is Future Fuel: Union Minister Hardeep Puri To NDTV

Green Hydrogen is hailed as the "fuel of the future" by Union Minister Hardeep Puri, who emphasizes the importance of domestic demand and production for its success and urges investment in renewable energy to completely end fossil fuels.

10/8/2023

Australia's Bid to Be a Hydrogen Superpower Faces Challenges

Australian company H2U is looking to scale up its green hydrogen infrastructure, but faces significant financial investment and long timelines before it can see success in the sector, which will likely require government support; while the global hydrogen sector has grown with government funding and optimism for its potential to help decarbonize the world and fill gaps in renewable energy, a new report by AFR Intelligence questions Australia's ability to compete in the global market and produce green hydrogen profitably and at scale.

10/13/2023

Biden Administration Invests $7 Billion in Clean Hydrogen Hubs to Aid Transition to Renewable Energy

The Biden administration plans to invest $7 billion in seven hydrogen production hubs across the US as part of its clean energy transition, aiming to clean up sectors such as aviation and heavy industry that are challenging to decarbonize with renewable energy and batteries, although the environmental benefits of hydrogen rely on addressing pollution from its production process.

10/13/2023

Biden Administration Awards $7 Billion in Grants to Boost Clean Hydrogen Production Across U.S.

The Department of Energy has chosen seven projects for a $7 billion program to promote hydrogen fuel development and production, with the Biden administration hoping it will support the growth of the clean hydrogen industry, however, skeptics argue that the initiative may not effectively reduce emissions due to the inefficient use of hydrogen in certain sectors and concerns over water intensity and worker safety, prompting calls for stricter regulations and greater community input.

Topics

Posted 9/16/2023, 6:07:00 AM

India Unveils Ambitious Plans to Become Leading Exporter of Renewable Green Hydrogen Fuel

Union Minister R.K. Singh unveiled plans for 24/7 renewable energy using green hydrogen, potentially at Rs. 6/unit. This is cheaper than conventional storage.
Singh said carbon credits can be earned for exported green hydrogen and ammonia, positioning India as a global renewable energy player.
42% of India's energy capacity is from renewables now. Plans are to add 50,000 MW annually.
India aims to have 5.8 million tons of green hydrogen capacity under the National Green Hydrogen Mission, becoming a leading exporter.
The Confederation of Indian Industry report advocates an energy transition investment pipeline to build supply chain resilience.

republicworld.com

Relevant topic timeline:

8/24/2023

What's Going On With Plug Power Stock?

Green hydrogen producer, Plug Power, aims to substantially increase production in the coming years.

8/26/2023

Green Hydrogen Is Future Fuel: Union Minister Hardeep Puri To NDTV

10/8/2023

Australia's Bid to Be a Hydrogen Superpower Faces Challenges

10/13/2023

Biden Administration Invests $7 Billion in Clean Hydrogen Hubs to Aid Transition to Renewable Energy

10/13/2023

Biden Administration Awards $7 Billion in Grants to Boost Clean Hydrogen Production Across U.S.