News Excerpt:
Ministry of New & Renewable Energy, Secretary addressed the World Hydrogen Summit 2024 in Rotterdam, Netherlands highlighting India's strategic vision and capabilities in the domain of renewable energy and green hydrogen production.
Key highlights:
- India's National Green Hydrogen Mission offers a comprehensive approach, which includes pilot projects, research and development (R&D) initiatives, and skill development programs.
- The Mission underscores India's commitment to nurturing a vibrant ecosystem for green hydrogen technologies.
- India's integrated grid infrastructure is a key enabler for the seamless integration of renewable energy sources into the national energy mix which optimizes efficiency and minimizes the need for long-distance transportation and storage of hydrogen.
- India has a skilled pool of engineers with expertise in engineering, procurement, and construction (EPC) services, This availability of skilled personnel at a reasonable cost further enhances India's competitiveness in the global market for green hydrogen production.
- India has an ambition to emerge as a leading exporter of green hydrogen and play a pivotal role in the global hydrogen economy. India is capable to meet any scale of production demand for green hydrogen, provided there is sufficient market demand and support.
- India's robust renewable energy deployment strategy highlights the rapid scale-up of renewable energy infrastructure nationwide. 43% of India’s current installed electricity capacity is from non-fossil-fuel sources, with projections indicating a rise to 50% by 2030.
- India is poised to emerge as a key player in shaping the global hydrogen economy and advancing sustainable energy solutions globally.
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National Green Hydrogen Mission: It was approved by the Union Cabinet in January 2023, with the following intended objectives: Export Opportunity
Expected Investment & Clean Jobs
Emission Reduction Target
Fossil Import Reduction Targets
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