Evaluation of hydrogen investment ecosystem in India

RIL has plans to invest in INR 600 billion to build a 5000-acre green energy complex in Jamnagar, Gujarat

Hydrogen has been an upcoming sector across the globe with huge industrial applications. Increasing number of companies across the globe are now exploring the green hydrogen. Green hydrogen has been labelled as one of the cleanest forms of energy in the world. It is being looked at as the ultimate solution to achieve net zero emissions. Through the process of electrolysis, all that is needed to produce hydrogen is water, a big electrolyser and electricity. The electric current then splits the water into its two components- hydrogen and oxygen. This means no release of greenhouse emissions since oxygen is the only by product of this process. Additionally, if the electricity used comes from renewable sources, it makes the process completely emission free.

In line with India’s ambitious green commitments, GoI aims to transform India into an energy independent nation by 2047 where green hydrogen will play an active role as an alternate fuel to petroleum/ fossil-based products. To keep pace with global companies, National Hydrogen Mission was announced in the Budget FY 2021-22 to produce the hydrogen from green energy sources. The scheme was announced putting Green Hydrogen at the heart of India’s energy security and climate change.