Horizon
Webuild Logo
Press Releases / Evaluation of hydrogen investm...

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, GujaratHydrogen 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 b
  • Evaluation
  • Hydrogen
  • Investment
  • Ecosystem
  • India
  • RIL (Reliance Industries Limited)
  • Green energy
  • Jamnagar
  • Gujarat

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.


IOCL has plans to set up a green hydrogen plant at its Mathura Refinery in Uttar Pradesh with a capacity of around 160,000 barrels per day - IOCL

Government targets and public sector funding for hydrogen

Presently, more than 100 research groups are focusing on fuel cell technology. There are a number of international and domestic companies in India that are involved in hydrogen production, storage and its distribution- including Praxair (USA), Linde (global member of hydrogen council ), Inox (Indo-US joint venture), Air Liquide (France), SAGIM (France), Air Products (USA), Fuel cell energy (USA), H2Scan (USA), ITM Power (UK), Heliocentris (Germany), Aditya Birla Group, Bhoruka Gases Limited, Gujarat Alkalies and Chemicals Limited, Gujarat Heavy Chemicals Limited, Air Science Technologies and Sukan Engineering Private Limited.

Our Recommendations

22 Aug 2023

Why is it important to address the vulnerabilities in the supply chain of critical minerals for solar manufacturing in India?
06 Nov 2024

Decoding domestic solar manufacturers IPO streak for India
15 May 2023

What would be the response of battery OEMs for the EV demand surge in India?
06 Mar 2024

Commercial supply chain and hydrogen strategy roadmap for Asia Pacific - South Korea
27 Jul 2023

Hydrogen distribution of global supply chains w.r.t key demand centers
×

Ready to learn more about Eninrac? REQUEST DEMO

Get started with
EI Market personalised demo

Complete the form to connect with our sales team and see the Visionboard platform in action. Discover how Eninrac helps your teams eliminate poor market research experiences and drive actionable insights.

Powered by Why
Start up india Logo
MSME Logo
REQUEST DEMO

By providing this information, you grant consent that we may process your personal data in accordance with our Privacy Statement.

By submitting this form, you grant consent to receive marketing information from eninrac as set out in our Terms of Service & Privacy Statement. You may unsubscribe at any time. Privacy Policy.