India intends to invest $2.2 billion in the growth of a clean hydrogen sector.
The nation is attempting to reduce emissions while also stepping up its export game. Over the following five years, the monies will be utilized to cut the price of “green” hydrogen in half. Senior government officials and an industry management who works in the renewable energy sector both confirmed this.
Green hydrogen projects that can be used as fuel already have multibillion dollar budgets approved by the European Union and the United States. It is created through the electrolysis of water (heated by electric current). The product is referred to as “green” and emits no greenhouse gases if the electrolyzers that perform this function are fueled by renewable energy sources.