Industry body India Hydrogen Alliance (IH2A) has proposed the creation of a H2Bharat Public-Private Taskforce for a GW-scale national hydrogen hub development plan to NITI Aayog and the Ministry of New and Renewable Energy (MNRE), with the aim of identifying at least five large GW-scale Green hydrogen hubs for development in India, within next 18-months.
The proposal was the result of the second workshop conducted by NITI Aayog and IH2A, to build the hydrogen economy in India, and part of a set of seven points that were deliberated during the workshop. The workshop was attended by representatives from the European Investment Bank (EIB), World Bank, OECD, GIZ, CDC and FMO; Government of India, Government of Kerala and industry players from across the hydrogen value chain.
The seven recommended steps from the NITI Aayog-IH2A workshop are:
Amitabh Kant, Chief Executive, NITI Aayog, said, “Our aim is to bring down the cost of green hydrogen to $2.5/kg by 2025 and $1/kg by 2030. This is possible only by increasing size and scale of hydrogen manufacturing. With rapidly falling renewable energy costs, India’s green hydrogen production cost is expected to be amongst the lowest in the world. The H2Bharat Taskforce is an interesting proposal to kick-start green hydrogen project development at large GW-scale.”
Jill Evanko, Chief Executive and President, Chart Industries, and founding member, IH2A, added, “The H2Bharat Taskforce will identify and shortlist five GW-scale national green hydrogen hubs for development in the next 12 months. It would bring together all relevant stakeholders from the government, funding agencies and the industry.”
IH2A estimates that India will need investments of about USD 25 bn, from public and private sectors, to create a domestic green hydrogen supply chain with national installed electrolyser capacity of 25 GW producing 5 MT of Green Hydrogen by 2030. It has earlier stated that coordinated public-private actions will be required to develop the first generation of large-scale commercial hydrogen projects.
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