In a significant step toward advancing green hydrogen technology, six innovative projects from top educational institutions across India have been shortlisted for incubation under the IIT Bombay and HSBC India Green Hydrogen Programme.
Programme to Boost Green Hydrogen Innovation
The IIT Bombay and HSBC India Green Hydrogen Programme aims to accelerate the development and deployment of green hydrogen technologies.
The initiative attracted a wide range of proposals from prestigious institutions, including six IITs, the National Institute of Technology, and the Indian Institute of Science Education and Research.
Tackling Key Green Hydrogen Challenges
The shortlisted projects focus on addressing critical challenges in green hydrogen production, storage, transportation, and utilization.
These include:
*Hydrogen storage systems: Developing indigenous solutions to reduce carbon emissions from commercial vehicles.
*Cost-effective hydrogen generators: Designing sustainable alternatives to make hydrogen production more accessible.
*Alternative burners: Creating technologies to improve air quality in metropolitan areas.
Incubation and Commercial Readiness
These solutions will undergo incubation at IIT Bombay’s dedicated centre, where they will be nurtured and refined for commercial deployment.
The programme aims to make these innovations market-ready by the end of its term. IIT Bombay and HSBC will provide comprehensive support to ensure scalability and widespread adoption.
Collaboration for a Sustainable Future
Hitendra Dave, CEO of HSBC India said, “We look forward to working with IIT Bombay to nurture these six innovations and make green hydrogen a cost-effective, scalable, and sustainable proposition”.
IIT Bombay, in collaboration with HSBC, seeks to develop technological advancements that make green hydrogen production more efficient and affordable.
Government’s Vision for Green Hydrogen
Unveiled in 2023 by Union Finance Minister Nirmala Sitharaman, this three-year project aligns with the Indian government’s National Green Hydrogen Mission.
The mission envisions green hydrogen as a transformative alternative fuel for industries, targeting a production capacity of at least 5 million metric tonnes per year by 2030.
Shireesh Kedare, Director of IIT Bombay, emphasized the collaboration’s importance, saying, “The initiative reflects our commitment to supporting the government’s visionary mission, positioning green hydrogen as the cornerstone of India’s energy future”.
A Roadmap for Energy Independence
India aims for energy independence and a global green hydrogen transition. This programme is a pivotal step in building a strong hydrogen economy.
As reported by money.rediff.com, the initiative combines academic excellence and corporate backing. It underscores the role of innovation in achieving a sustainable energy landscape.
