This collaboration aims to bring Proton Exchange Membrane (PEM) water electrolyser technology to the Indian market. As India grapples with escalating energy demands, integrating innovative technologies remains a critical focal point for the country’s energy strategy. The backdrop to this development is India’s ambitious goal to produce 5 million tons of green hydrogen annually by 2030, highlighted by the International Energy Agency as part of its commitment to reduce carbon emissions significantly.
BGR Tech’s partnership with Elchemtech is particularly noteworthy due to the technical efficiencies promised by PEM technology. Unlike traditional alkaline electrolysis, PEM technology offers a more compact design and can operate at higher efficiencies with better dynamics and flexibility, essential attributes for India’s diverse energy grid. According to a report published by Research and Markets, the global PEM electrolyser market is anticipated to grow at a CAGR of 28.9% during the period 2021-2028, showcasing its rising prominence as a key player in renewable energy solutions.
While this partnership underscores a significant advancement for India’s hydrogen strategy, it also highlights broader challenges in the renewable energy sector. High initial investment costs, along with the requirement for high purity water and precious metal catalysts, remain formidable barriers to widespread adoption. Analysts have pointed out that while PEM technology is a promising solution, its financial viability in the Indian context will require local adaptations and innovations to decrease operational costs. Strategies such as developing cost-effective catalysts or enhancing the longevity of PEM systems are anticipated to play a pivotal role.
In response to these challenges, both BGR Tech and Elchemtech are pursuing research initiatives to calibrate the technology to fit India’s climatic and economic conditions. They are exploring local sourcing of components to mitigate costs. Such innovations are indispensable, as per insights from McKinsey & Company, which suggests that indigenizing technology in the energy sector could potentially lower costs and accelerate deployment.
This partnership signals a pivotal moment in India’s renewable energy landscape, where strategic collaborations could unlock new pathways for energy security and sustainability. By capitalizing on technology and innovation, and addressing systemic barriers to PEM adoption, India stands a chance to leapfrog into a formidable position in the global green hydrogen arena.
