Being a developing nation, and stepping forward towards growth, India is in talks with other nations’ governments in order to export Green hydrogen. Notably, it is made in the South Asian nation. The information depicted by Reuters, mentions an official statement of its foreign ministry.
“We are in a position to make green hydrogen as our main source of energy in the future,” Prabhat Kumar, an additional secretary of the external affairs ministry, said at an industry event.
Green hydrogen is made up of splitting hydrogen and oxygen in the water. This is done with the help of electrolyzers, powered by renewable electricity. Noticeably, the product can replace the use of hydrogen that is produced from some fossil fuels, in refineries and fertilizer plants. Additionally, Green hydrogen has the capability to become an alternative to coal in steel mills and oil products in long-haul transport.
Therefore, the Indian government is now planning a massive expansion of green hydrogen production. In order to stop its dependence on energy imports. And to make the economy off fossil fuels to meet climate targets.
New Delhi goals for an annual production capacity of 25 million tons by 2047
In addition to the above-mentioned info, New Delhi is goals towards an annual production capacity of 25 million tons by 2047 respectively. This has been disclosed by the people familiar with the plans told Bloomberg. Although there would be a slight change in the number. By stepping forward, depending on technology and the country’s demand outlook.
Also, India’s current output in regard to fuel is quite low and comes from a few pilot projects. While green hydrogen is regarded as a potential remedy to reduce emissions. Perhaps, this could be a still challenge to scale up the technology and parallelly make it cost-effective.
While the potential to develop low-cost renewable energy in India, with respect to the world’s third-biggest emitter of greenhouse gases. Hence it becomes a fact to initiate the government for carbon-free hydrogen ambitions. While India’s motive of achieving net zero by 2070 is supported by several business tycoons. It includes the names like Gautam Adani and Mukesh Ambani. As well as state-run energy giants like NTPC Ltd. and Indian Oil Corp.
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