India Requires 56 Billion to Meet 2030 Green Hydrogen Demand
POWER & RENEWABLE ENERGY

India Requires 56 Billion to Meet 2030 Green Hydrogen Demand

According to a recent assessment by the United States Agency for International Development (USAID), India's strategic advantages, including as its wealth of renewable energy resources, established consumer markets, and favourable investment prospects, place it in a position to become a major worldwide centre for green hydrogen.

Indian manufacturers can attain some of the lowest levelized costs for green hydrogen and green ammonia globally, estimated at $ 3,800-4,800 per tonne and $850-1,100 per tonne, respectively, by leveraging resources and constructing suitable sites as green hydrogen hubs.

Government incentives, subsidies, and mandates for its usage are anticipated to promote demand for green hydrogen even though the price gap between grey and green hydrogen is still a problem.

The National Hydrogen Mission, which was approved at the beginning of the year, serves as an example of the government's proactive attitude and furthers the sector's expansion.

According to a recent assessment by the United States Agency for International Development (USAID), India's strategic advantages, including as its wealth of renewable energy resources, established consumer markets, and favourable investment prospects, place it in a position to become a major worldwide centre for green hydrogen. Indian manufacturers can attain some of the lowest levelized costs for green hydrogen and green ammonia globally, estimated at $ 3,800-4,800 per tonne and $850-1,100 per tonne, respectively, by leveraging resources and constructing suitable sites as green hydrogen hubs. Government incentives, subsidies, and mandates for its usage are anticipated to promote demand for green hydrogen even though the price gap between grey and green hydrogen is still a problem. The National Hydrogen Mission, which was approved at the beginning of the year, serves as an example of the government's proactive attitude and furthers the sector's expansion.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code