• UGI USER
  • Apr 08, 2024
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‘PRODUCING GREEN HYDROGEN IS COMMERCIALLY VIABLE, EVEN WITHOUT GOVT SUPPORT’

Why in the news?

India’s first green hydrogen plant commissioned, highlighting commercial viability; Hygenco aims for three more by FY25.

About the Commercial Viability of Green Hydrogen Projects:

  • Hygenco, a Haryana-based company, commissioned India’s first green hydrogen plant for steel production in March and plans to build three more by FY25.
  • Anshul Gupta, Co-founder of Hygenco, emphasised the importance of producing green hydrogen at the lowest cost and in the most efficient way for various applications like steel and glass production.
  • Factors influencing the choice of renewable energy source include operational requirements of the electrolyser, such as solar for daytime operation and wind for continuous supply.
source:IE
Key Initiatives to promote Green Hydrogen In India :

National Hydrogen Mission:

  • Aims to establish India as a global green hydrogen hub.
  • Includes provisions for demand creation, R&D, skill development, and policy framework.

Green Hydrogen Consumption Obligations:

  • Proposed for fertiliser and petroleum refining industries.
  • Mandates a certain percentage of green hydrogen consumption.

Green Hydrogen Hubs:

  • Identified by MNRE for large-scale production and utilisation.
  • Aimed at developing regions as centres for green hydrogen activities.

Source:

https://indianexpress.com/article/business/economy/producing-green-hydrogen-is-commercially-viable-even-without-govt-support-anshul-gupt-9257053/