India’s strategic advantages and favorable investment opportunities position it as a potential global green hydrogen hub, according to a report by USAID.
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According to Debasish Purohit, co-head of investment banking for Bank of America in India, the Indian green energy sector is poised to attract investments of up to $800 billion over the next decade.
Ohmium, a prominent green hydrogen electrolyser manufacturer based in the United States, has announced a groundbreaking partnership with NTPC, India’s largest power utility company.
The recent discussions between Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida during the G7 summit in Hiroshima have paved the way for enhanced bilateral cooperation between the two nations.
India and Australia have joined forces to establish a Green Hydrogen Taskforce aimed at accelerating the development of green hydrogen technologies in both countries.
India, one of the world’s largest greenhouse gas emitters, has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at major ports in a bid to cut its carbon footprint.
Indian renewable energy company ACME and city-gas distribution company Indraprastha Gas Limited (IGL) have signed a Memorandum of Understanding (MoU) to jointly explore business opportunities in Green Hydrogen supply.
NTPC, India’s largest power producer, has recently announced its plan to build a green hydrogen hub in coastal Andhra Pradesh with a budget of more than ₹1 lakh crore.
Bharat Heavy Electricals Ltd (BHEL) is one of India’s largest engineering and manufacturing companies in the energy and infrastructure sectors.
Green hydrogen, a clean fuel produced through the electrolysis of water using renewable energy, has gained prominence globally as a crucial element in decarbonizing hard-to-abate sectors.
