Globally, governments are pushing to transform the existing hydrogen industry from a dirty/grey hydrogen ecosystem to a clean energy-based green hydrogen ecosystem. Green hydrogen is critical to meet India’s target of 450 gigawatt of renewable energy by 2030. To utilize cheap solar power, currently at ₹2.0/kWh, we need to find other uses for solar power during its generation hours. Locally-available green hydrogen can attract high-value green industries, like green steel and green chemicals, to shift production to India. Second, mandate blending a certain percentage of green hydrogen with grey hydrogen for existing applications like oil refining and fertilizers, depending on the viability gap, and mandate new greenfield capacities of hydrogen applications like oil refining and fertilizers to use only green hydrogen from a future cut-off date (to avoid long term lock-ins).

Source: Mint April 25, 2021 20:15 UTC