According to a new report by UnivDatos Market Insights, the India Green Hydrogen Market is expected to reach USD 2686.78 million in 2032 by growing at a CAGR of 69.8%. India is emerging as a key player in the Asian energy market. In late 2022, India announced a $2 billion incentive program for the green hydrogen industry. This program aims to reduce emissions and support India's efforts to become Asia's first major hydrogen exporter. Recently, the Indian and Australian governments finalized a deal to establish a task force for expanding green hydrogen cooperation between the two countries. India has ambitious goals of becoming energy-independent by 2047 and achieving net-zero emissions by 2070 through a decarbonization strategy. The Union Cabinet approved this mission on 4th January 2023, with a budget allocation of ₹ 19,744 crore.
The ultimate objective of the mission is to make India the global hub for the production, usage, and export of green hydrogen and its derivatives. By 2030, the mission aims to establish capacities to produce at least 5 million metric tons (MMT) of green hydrogen annually, potentially reaching 10 MMT per annum through expansion of export markets and international partnerships.
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Research and Development Program:
India is currently undergoing a major development of green hydrogen infrastructure. To support this initiative, the focus should be on the development of electrolyzers, fuel cells, and associated components. This development should aim to improve efficiency, reduce costs, extend stack life, and create a technology that is less dependent on metal and material imports. The program can be a collaborative effort between key industry players and renowned academic institutions.
NITI Aayog recommends a mission-mode R&D drive in collaboration with the industries in the following areas:
· Early-stage R&D to enable technologies that reduces the cost of hydrogen delivery and dispensing.
· Manufacturing techniques to reduce the cost of automotive fuel cell stacks at high volume.
· R&D that reduces the costs of manufacturing electrolyser components, using advanced techniques such as additive manufacturing.
· Compression of hydrogen to 875 bar using electrochemical cells and metal hydride materials. Improve efficiency and reduce the capital cost of hydrogen liquefaction, using a vortex tube concept. Establish the potential for magnetocaloric technologies to liquefy hydrogen at twice the energy efficiency of conventional liquefaction plants.
· Secure critical mineral supply either through indigenous development or global collaborations for the supply chain of Nickel, Zirconium, Lanthanum, Yttrium, Platinum, Iridium, and other key raw materials used in electrolysers.
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Conclusion: In conclusion, India's initiatives in green hydrogen research and development, spearheaded by government and research institutions, herald a promising future for renewable energy in the region. The government's commitment, exemplified by policies like the National Hydrogen Mission, aims to make India a global hub for green hydrogen production and export. The anticipated growth in this field is expected to drive not only energy sustainability but also significant economic and employment benefits. With continuous support and progressive policies, India's green hydrogen sector is poised for exponential growth, contributing to a cleaner, more sustainable energy landscape globally.
