According to a report by investment banking firm Avendus Capital, investments of around $125 billion are projected to flow into India’s green hydrogen (GH2) and green ammonia sectors by 2030. The report, titled ‘Green Hydrogen, The Next Frontier In Energy Transition,’ highlights that the growth trajectory will be propelled by escalating emphasis on sustainability, proven commercial feasibility, expanding applications, and robust regulatory support.
Green hydrogen, generated through water electrolysis using renewable energy sources, stands out for its zero greenhouse gas emissions. Globally, there’s a concerted effort to position green hydrogen as a pivotal solution for achieving net-zero emission targets. The report underscores the emergence of significant players, both standalone and integrated, who are forming strategic partnerships to leverage capabilities and infrastructure for GH2 derivatives.
Widely hailed as the fuel of the future, green hydrogen is witnessing substantial investments in research and development aimed at establishing its commercial viability across various sectors including transportation, power generation, aviation, shipping, and industrial applications. This momentum is further fuelled by hydrogen’s clean attributes and high energy density.
As reported by Future Fuels, the report notes that green hydrogen is becoming increasingly competitive as production costs have dropped by over forty percent in the past eight years, with further reductions anticipated, aiming to achieve cost parity with blue hydrogen in the foreseeable future. Blue hydrogen is primarily produced from natural gas.
