India Prime Minister Narendra Modi yesterday gave the go ahead for his government’s National Green Hydrogen Mission.
With an initial outlay of $2.4bn, the mission is designed to kick-start a hydrogen economy that by 2030 will have developed into domestic production, with the effects of cutting fossil imports and boosting investment and jobs.
In a statement, the country’s Ministry of New and Renewable Energy said the mission will have wide-ranging benefits, including the “creation of export opportunities for green hydrogen and its derivatives; decarbonisation of industrial, mobility and energy sectors; and development of indigenous manufacturing capabilities”.
It said it expected India’s green hydrogen production capacity “is likely to reach at least 5 MMT per annum, with an associated renewable energy capacity addition of about 125 GW”.
Under the government’s Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of green hydrogen – will be provided under the Mission.
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The mission will also support pilot projects in emerging end-use sectors as well as identify regions capable of supporting large scale production and potential green hydrogen hubs.
Other initiative unlocked by the establishment of the mission include a Standards and Regulations framework, a public-private partnership framework for R&D, a co-ordinated skills development programme.
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