June 30, 2022

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hydrogen: Amitabh Kant on how India can place itself as a low-cost, zero-carbon inexperienced hydrogen manufacturing hub

Whereas fast electrification of the financial system goes to be an necessary step in the direction of decarbonising vitality techniques and enhancing effectivity ranges, electrical energy can not handle sure carbon-intensive sectors which must be decarbonised to make sure net-zero emissions.

Hydrogen, as an vitality service, is essential for reaching decarbonisation of hard-to-abate sectors. Many sectors resembling iron ore and metal, fertilisers, refining, methanol and maritime transport emit main quantities of CO2, and carbon-free hydrogen will play a essential position in enabling deep decarbonisation.

India is without doubt one of the early movers within the inexperienced hydrogen house. There are a number of the reason why India is pursuing this with vigour and conviction.

Firstly, neither hydrogen nor electrolyser is a brand new know-how. Greater than 70 million tons of hydrogen is produced yearly the world over, with India clocking round 8% of world manufacturing.

Secondly, India’s distinct benefit in low-cost renewable-energy technology and world-class clean-power execution capabilities makes inexperienced hydrogen essentially the most aggressive type of hydrogen within the medium run. This allows India to be doubtlessly probably the most aggressive producers of inexperienced hydrogen on this planet. Since 75% of the price of inexperienced hydrogen relies on renewable vitality, we should always goal to additional deliver down the price of solar energy to Rs 1 per Kw/h via decrease price of financing.

Power safety is the third necessary purpose to pursue inexperienced hydrogen as it can allow the emergence of a domestically produced vitality service that may cut back the dependence on fossil gas imports of $160 bn per 12 months. As well as, with 500 GW renewables anticipated to come back on line by 2030, inexperienced hydrogen might act as an answer to extract worth out of extra renewable energy and keep away from the duck curve potentialities within the grid. Key coverage measures for making a inexperienced hydrogen ecosystem have just lately been introduced.

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Following are the three steps that may make India a pacesetter in inexperienced hydrogen. Firstly, India ought to make pressing efforts to safe the time-limited export markets. The EU is quadrupling its inexperienced hydrogen import plans for 2030. There’s large potential for exports to EU, Japan and South Korea. Secondly, India ought to encourage industrial R&D in electrolysers and different inexperienced hydrogen parts. Indian corporations can’t be depending on international know-how suppliers.

We have to industrialise next-generation hydrogen applied sciences in India.

Thirdly, industrial functions resembling refining and non-urea fertilisers must be mandated to go 100% inexperienced hydrogen by 2030 to make sure economies of scale for this nascent trade to flourish. With these measures, the value of inexperienced hydrogen ought to fall from $4 per kg to $1 per kg by 2030. With correct coverage assist, trade motion, market technology and elevated investor curiosity, India can place itself as a low-cost, zero-carbon inexperienced hydrogen manufacturing hub of the world.