Close Menu
Green Hydrogen NewsGreen Hydrogen News
    LinkedIn X (Twitter) YouTube Facebook
    Trending
    • Korean Firm Pioneers World’s First Green Hydrogen Port in UAE
    • Kerala’s Billion-Dollar Investment in Green Transport
    • Namibia’s Green Hydrogen Plea: Call for Global Investment
    • Azerbaijan’ Sees Export pf Hydrogen and Ammonia on the Horizon
    • ReNew Energy and ADB Ink $5.3B Green Collaboration Including Hydrogen
    • Brazil-UK Hydrogen Hub Aims for Global Low-Emission Dominance
    • Linde’s $90M Boost for Liquid Hydrogen Production in Alabama
    • Spain’s Green Methanol Project Sets Sail Towards Billion-Dollar Horizon
    LinkedIn X (Twitter) YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home Home - Green Hydrogen
    Green Hydrogen H2 News

    India must work to reduce cost of production of green hydrogen

    Anela DoksoBy Anela Dokso10/03/20232 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    In order to make the green hydrogen industry competitive with other energy sources, the Indian government must work to reduce the cost of production of green hydrogen to as little as one-third of the existing costs.

    According to a note released by Crisil today, it is crucial that the government take action to reduce the cost of production from the present range of $3 to $6 per kilogram to less than $2 per kg. In order to compete with other energy sources and advance the government’s National Green Hydrogen Mission, India will also need a combination of technological advancements and regulatory support, according to the report, which also noted that the sector has the potential to eventually change the country from being a net energy importer to a net exporter.

    Oil refineries and fertiliser industries may be early adopters of green hydrogen, despite the fact that it is difficult to completely replace conventional energy sources with it. Grey hydrogen is already used by oil refineries to reduce the sulphur content of fuel, and fertiliser manufacturers utilize it to create ammonia. The best option is oil refineries because switching to green hydrogen won’t have a significant impact on production costs because hydrogen only accounts for 10% of overall costs.

    But, it will need a few more modifications to be used in fertilizers businesses. According to a CRISIL report, bridging the cost gap by lowering the cost of renewable power generation and electrolysers will prove to be essential for its faster adoption because the adoption of green hydrogen is not much of a problem compared to the cost associated with it and the cost it will add to overall production.

    According to the survey, green hydrogen costs in India range from 50 to 65 percent of the entire cost and may need to drop from Rs 2.6-3 per unit to under Rs 2 per unit. Furthermore, a waiver of energy banking fees as well as transmission and distribution fees will aid in cost savings in addition to the already announced waiver on interstate transmission rates.

    For the next ten years, domestic industries intend to invest close to Rs 16 lakh crore in various green energy value chains. Although primarily major conglomerates and well-capitalized businesses are joining this market because they can reduce credit risk, technology advancement and legislative support are equally important to keep an eye on.

    green hydrogen hydrogen India
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    Korean Firm Pioneers World's First Green Hydrogen Port in UAE

    Korean Firm Pioneers World’s First Green Hydrogen Port in UAE

    05/12/2023
    Kerala's Billion-Dollar Investment in Green Transport

    Kerala’s Billion-Dollar Investment in Green Transport

    05/12/2023
    Namibia's Green Hydrogen Plea: Call for Global Investment

    Namibia’s Green Hydrogen Plea: Call for Global Investment

    05/12/2023
    Azerbaijan' Sees Export pf Hydrogen and Ammonia on the Horizon

    Azerbaijan’ Sees Export pf Hydrogen and Ammonia on the Horizon

    05/12/2023
    hydrogen

    ReNew Energy and ADB Ink $5.3B Green Collaboration Including Hydrogen

    05/12/2023
    Brazil-UK Hydrogen Hub Aims for Global Low-Emission Dominance

    Brazil-UK Hydrogen Hub Aims for Global Low-Emission Dominance

    05/12/2023
    Korean Firm Pioneers World's First Green Hydrogen Port in UAE

    Korean Firm Pioneers World’s First Green Hydrogen Port in UAE

    05/12/2023
    Kerala's Billion-Dollar Investment in Green Transport

    Kerala’s Billion-Dollar Investment in Green Transport

    05/12/2023
    Namibia's Green Hydrogen Plea: Call for Global Investment

    Namibia’s Green Hydrogen Plea: Call for Global Investment

    05/12/2023
    Azerbaijan' Sees Export pf Hydrogen and Ammonia on the Horizon

    Azerbaijan’ Sees Export pf Hydrogen and Ammonia on the Horizon

    05/12/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    LinkedIn X (Twitter) Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version