India is poised to become a global leader in green hydrogen investment, with a staggering $125-billion opportunity across the value chain by 2030, as revealed in a recent report by Avendus Capital.
The investment surge in green hydrogen is fueled by a confluence of factors, including a growing sustainability focus, proven commercial viability, expanding use cases, and robust regulatory support. With India’s commitment to combating climate change and achieving energy independence, the goal is to establish green hydrogen as a key pillar of the nation’s clean energy transition.
Green hydrogen, produced through electrolysis powered by renewable energy sources, represents a revolutionary leap towards sustainable energy solutions. By harnessing solar, wind, and other renewables, India aims to unlock the full potential of hydrogen as a clean, versatile, and scalable energy carrier.
The projected $125-billion investment presents a significant opportunity to drive economic growth, create jobs, and enhance energy security. Industries such as steel, which face pressure from carbon border adjustments, are poised to become major off-takers of green hydrogen, further accelerating market demand and adoption.
