India's pursuit of sustainable energy takes a significant step forward with its ambitious agenda to embrace green hydrogen. With a dual aim of reducing dependence on fossil fuels and establishing itself as a global green hydrogen exporter, the government has thrown its weight behind initiatives like the Green Hydrogen Policy and the National Green Hydrogen Mission. These efforts come with substantial financial backing, totaling nearly Rs. 19,800 crores, alongside a dedicated Rs. 400 crore investment in research and development to foster innovation and commercialization in the green hydrogen sector. India sets stringent standards for green hydrogen production, underscoring its commitment to environmental sustainability. The country's green hydrogen standard mandates that the emissions from producing one kilogram of green hydrogen must not exceed two kilograms of carbon dioxide. To incentivize compliance and drive growth in the sector, the government has announced production-linked incentive (PLI) schemes tailored for green hydrogen production and electrolyzer manufacturing. Projections indicate a promising future for India's electrolyzer manufacturing sector, with estimates suggesting the establishment of six factories boasting a combined capacity of over 8GW by 2025. While state-level initiatives are beginning to emerge to facilitate green hydrogen production, there is a pressing need to attract investments across the entire value chain. Moreover, addressing the demand side of the equation is crucial, necessitating incentives or mandates to encourage end-users, particularly in key sectors such as fertilizers, steel, oil, and gas, to transition to green hydrogen. Despite the immense potential, green hydrogen production poses significant entry barriers, including challenges related to land acquisition, high production costs, and the need for a reliable supply of electricity and water. These barriers, however, present an attractive investment opportunity for established players in the energy sector, with industry giants like Reliance Industries Limited, Adani, and Larsen & Toubro already making strategic investments in green hydrogen initiatives. On the flip side, there are ample opportunities for startups to innovate and drive progress in the green hydrogen space. Companies like Hygenco and Newtrace are pioneering solutions aimed at enhancing hydrogen storage efficiency and reducing the costs associated with electrolyzer technology, thereby contributing to the growth and sustainability of the green hydrogen ecosystem.

 India's pursuit of sustainable energy takes a significant step forward with its ambitious agenda to embrace green hydrogen. With a dual aim of reducing dependence on fossil fuels and establishing itself as a global green hydrogen exporter, the government has thrown its weight behind initiatives like the Green Hydrogen Policy and the National Green Hydrogen Mission. These efforts come with substantial financial backing, totaling nearly Rs. 19,800 crores, alongside a dedicated Rs. 400 crore investment in research and development to foster innovation and commercialization in the green hydrogen sector.

India sets stringent standards for green hydrogen production, underscoring its commitment to environmental sustainability. The country's green hydrogen standard mandates that the emissions from producing one kilogram of green hydrogen must not exceed two kilograms of carbon dioxide. To incentivize compliance and drive growth in the sector, the government has announced production-linked incentive (PLI) schemes tailored for green hydrogen production and electrolyzer manufacturing. Projections indicate a promising future for India's electrolyzer manufacturing sector, with estimates suggesting the establishment of six factories boasting a combined capacity of over 8GW by 2025.

While state-level initiatives are beginning to emerge to facilitate green hydrogen production, there is a pressing need to attract investments across the entire value chain. Moreover, addressing the demand side of the equation is crucial, necessitating incentives or mandates to encourage end-users, particularly in key sectors such as fertilizers, steel, oil, and gas, to transition to green hydrogen.

Despite the immense potential, green hydrogen production poses significant entry barriers, including challenges related to land acquisition, high production costs, and the need for a reliable supply of electricity and water. These barriers, however, present an attractive investment opportunity for established players in the energy sector, with industry giants like Reliance Industries Limited, Adani, and Larsen & Toubro already making strategic investments in green hydrogen initiatives.

On the flip side, there are ample opportunities for startups to innovate and drive progress in the green hydrogen space. Companies like Hygenco and Newtrace are pioneering solutions aimed at enhancing hydrogen storage efficiency and reducing the costs associated with electrolyzer technology, thereby contributing to the growth and sustainability of the green hydrogen ecosystem.