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Niti Aayog bats for setting up of green hydrogen corridors
The Government think-tank has proposed setting up green hydrogen corridors and providing grants and support to entrepreneurs to promote its production, storage and export. The facility believes there is a need to facilitate investment through demand aggregation and dollar-based bidding for green hydrogen.
Green hydrogen is produced by electrolysis of water using renewable energy or from biomass.
Green hydrogen can help India significantly reduce its dependence on imported fuel and, hence, inter-ministerial interventions are required to promote the production and the usage of green hydrogen, according to Amitabh Kant, CEO, Niti Aayog. The Government think-tank has proposed setting up green hydrogen corridors and providing grants and support to entrepreneurs to promote its production, storage and export. The facility believes there is a need to facilitate investment through demand aggregation and dollar-based bidding for green hydrogen. Green hydrogen is produced by electrolysis of water using renewable energy or from biomass.