The prevailing levelised cost of Green Hydrogen (LCOH) is 1.75 times that of grey hydrogen and 1.50 times that of brown hydrogen, posing a significant barrier to its adoption. Achieving economic viability of Green Hydrogen to around $2.1 per kg requires a 35%-40% drop in electrolyser prices and a 12%-14% improvement in efficiency apart from supportive policies, says a new report by CareEdge Ratings.
Hygenco Green Energies will leverage Denmark-based Topsoe’s technology for its green ammonia plant in Gopalpur, Odisha.
The green hydrogen mobility project at Leh comprises in-situ 1.7 MW solar plant, green hydrogen filling station of 80 kg/day capacity, and five hydrogen intra-city buses.
ACME Cleantech and BASF have also signed a Memorandum of Understanding (MoU) to explore further collaboration in the green ammonia business.
NTPC Green energy Ltd (NGEL) and New and Renewable Energy Development Corp. of Andhra Pradesh (NREDCAP) have entered a joint venture agreement to develop 25 GW of renewable energy projects, 0.5 mmtpa of green hydrogen and derivatives projects, and 10 GW of pumped hydro projects in the state.
The collaboration will focus on enhancing knowledge exchange on market-based mechanisms and fostering cooperation between India and renewable hydrogen importing countries.
Transitioning the steel industry to green hydrogen will be a complex journey, but the groundwork is already being laid. India’s pilot projects, along with sustained investment in renewable energy and hydrogen infrastructure, create a strong foundation for a cleaner future.
If India is to lead the global green energy revolution, the nation needs to take several key measures such as redirecting financial support from traditional energy sources to clean energy technologies, introduction of a well-structured carbon pricing mechanism, and incentivizing emerging technologies.
The demonstration plant will produce about 1 tonne of green hydrogen per day by gasifying about 25 tonnes of municipal solid waste or agri-waste per day.
This joint venture company will venture into various renewable energy and new energy opportunities including solar, wind, energy storage, green molecule, e-mobility, carbon credits, green credits, etc.
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