India may soon become the Middle East of Green Hydrogen

The announcement of the phase one National Hydrogen Mission by the government on February 18 has been met with applause by the Street with brokerage firm Morgan Stanley India calling it a “watershed moment”. Under the new policy notified by the government, the government aims to achieve a production target of close to 5 million

New policy to reduce the cost of green hydrogen by 40-50%

India’s largest oil company Indian Oil Corporation (IOC) will set up ‘green hydrogen’ plants at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units, as it considers hydrogen policy green which has just been announced as a turning point in the country’s energy transition. this will help reduce costs. SSV Ramakumar, director of

Green hydrogen has received political recognition

The Union government’s announcement of a new green hydrogen and green ammonia strategy, aimed at increasing domestic green hydrogen production to 5 million tonnes by 2030 and establishing India as a clean fuel export hub, has been a godsend to the green hydrogen sector. Despite the fact that green hydrogen is considered as an environmental

More incentives needed for green hydrogen policy, say experts

The ‘Green Hydrogen’ policy announced by the government on Thursday incentivises producers of this form of power but only partially, say experts. A notification by the Power Ministry on Thursday says that manufacturers of green hydrogen or ammonia may purchase renewable power from the power exchange or set up renewable energy capacity themselves or through

India to waive transmission costs for green hydrogen manufacturers

“Green hydrogen manufacturers can set up renewable energy capacity by themselves. We will give them free transmission until 2025 and banking for 30 days,” Power Minister R.K. Singh said. Banking allows renewable energy producers to transmit unused electricity to the grid, which can subsequently be used whenever needed, he said, adding that transmission charges would

Green Hydrogen is the fuel of the future, aim to export it to the world: Gadkari

Roads and Highways Minister Nitin Gadkari said on Thursday, February 10, that green hydrogen was the fuel of the future and he intends to export it to the whole world. A Toyota car fueled by green hydrogen from the Faridabad lab of Indian Oil will be tested in the city located in Haryana on March

Danish energy fund to lead massive green hydrogen project in Spain

Plans for a huge project aiming to produce green hydrogen and ammonia have been announced, with those behind it hoping construction of the first phase will begin in late 2023. On Tuesday, Copenhagen Infrastructure Partners announced details of a partnership with Spanish companies Naturgy, Enagás and Fertiberia. Vestas, the Danish wind turbine manufacturer, is also

Incentives for green hydrogen likely in Union Budget

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh

Budget 2022 must focus on India’s new energy transition

India imports 80 percent of crude oil, and 54 percent of LNG representing ~38 percent of India’s energy consumption. For every 10 percent increase in crude oil price, there is an impact on India’s current account deficit by $10 billion, or negative 0.4 percent of GDP. Crude oil prices have increased by nearly 28 percent

Green hydrogen policy to be unveiled in next 10 days: R K Singh

The green hydrogen policy will be unveiled in the next 10 days featuring incentives like free transmission for 25 years to boost production of this clean source of energy, Power and New & Renewable Energy Minister R K Singh said on Thursday. “We will come out with the green hydrogen policy in the next 10