Adani Bets Big on Clean Fuel for India's Energy Security

18 Jan 2024 CW Team

Moving Beyond Fossils: Adani emphasizes that the significant drop in solar costs can be replicated with green hydrogen, paving the way for cleaner air in cities and independence from volatile imported ammonia prices crucial for fertilizer production. This, he says, is paramount for food security and curbing climate change's devastating impacts.

Adani's Green Hydrogen Play: Demonstrating commitment, Adani New Industries is investing a staggering $50 billion in green hydrogen projects over the next decade. Their first project, a one million metric tonnes per annum (MMTPA) behemoth in Gujarat, is already underway with the first phase set for operation by 2027.

Cost is King: Adani acknowledges that for green hydrogen to fulfill its potential as a clean fuel, scalable energy storage solution, and zero-emission industrial feedstock, its cost needs to dramatically decrease. He pinpoints renewable energy as the key, as 60-70% of green hydrogen's cost stems from electricity. Therefore, accelerating the decline in renewable energy costs will directly impact green hydrogen's affordability.

Breaking Free from Imports: For India, with its massive annual crude oil import bill exceeding $230 billion, green hydrogen represents a chance to break free from the yoke of expensive energy imports. Adani envisions hydrogen and renewables as the twin engines that will power India's journey towards self-sufficiency and a cleaner future.

Green Hydrogen: A Global Dream: Concluding his post, Adani highlights that green hydrogen holds the key to achieving carbon neutrality for the entire world. By fostering its broader adoption and pushing for lower production costs, we can unlock its immense potential to combat climate change and secure a healthy planet for generations to come.

Gautam Adani, Chairman of the Adani Group, has declared green hydrogen not just an alternative to fossil fuels, but India's path to energy security, improved air quality, and food security. In a recent blog post titled Reducing costs: The key to leveraging green hydrogen on the road to net zero, Adani asserted that for India, leapfrogging to renewables and green hydrogen is the answer, not simply replacing one fossil fuel with another. Moving Beyond Fossils: Adani emphasizes that the significant drop in solar costs can be replicated with green hydrogen, paving the way for cleaner air in cities and independence from volatile imported ammonia prices crucial for fertilizer production. This, he says, is paramount for food security and curbing climate change's devastating impacts. Adani's Green Hydrogen Play: Demonstrating commitment, Adani New Industries is investing a staggering $50 billion in green hydrogen projects over the next decade. Their first project, a one million metric tonnes per annum (MMTPA) behemoth in Gujarat, is already underway with the first phase set for operation by 2027. Cost is King: Adani acknowledges that for green hydrogen to fulfill its potential as a clean fuel, scalable energy storage solution, and zero-emission industrial feedstock, its cost needs to dramatically decrease. He pinpoints renewable energy as the key, as 60-70% of green hydrogen's cost stems from electricity. Therefore, accelerating the decline in renewable energy costs will directly impact green hydrogen's affordability. Breaking Free from Imports: For India, with its massive annual crude oil import bill exceeding $230 billion, green hydrogen represents a chance to break free from the yoke of expensive energy imports. Adani envisions hydrogen and renewables as the twin engines that will power India's journey towards self-sufficiency and a cleaner future. Green Hydrogen: A Global Dream: Concluding his post, Adani highlights that green hydrogen holds the key to achieving carbon neutrality for the entire world. By fostering its broader adoption and pushing for lower production costs, we can unlock its immense potential to combat climate change and secure a healthy planet for generations to come.