IIT Bombay, HSBC India launch green hydrogen programme, shortlist six projects

IIT Bombay, HSBC India launch green hydrogen programme, shortlist six projects

The initiative, aimed at advancing green hydrogen technologies, aligns with India’s National Green Hydrogen Mission and seeks to address critical challenges in hydrogen production, storage, transportation, and utilization.

New Delhi: The IIT Bombay and HSBC India Green Hydrogen Programme has shortlisted six innovative projects from proposals submitted by six IITs, the National Institute of Technology (NIT), and the Indian Institute of Science, Education and Research (IISER). The initiative, aimed at advancing green hydrogen technologies, aligns with India’s National Green Hydrogen Mission and seeks to address critical challenges in hydrogen production, storage, transportation, and utilization

The six projects were selected through a stringent process by a steering committee comprising industry experts and senior IIT Bombay faculty. These projects will be incubated at IIT Bombay and supported until they are commercially ready.

The innovations include a locally designed multi-stack alkaline electrolyzer, indigenous hydrogen storage systems, and a sustainable burner offering alternatives to traditional combustion processes. The projects also focus on cost-effective hydrogen production methods, tools for safe hydrogen blending with natural gas, and high-efficiency hydrogen generators.

“This partnership underscores our commitment to achieving a low-carbon economy,” HSBC India CEO Hitendra Dave said. “The innovative ideas received through this programme show immense potential to make green hydrogen scalable and economically viable. We look forward to supporting these technologies alongside IIT Bombay.”

IIT Bombay Director Prof. Shireesh Kedare highlighted the collaboration’s importance in achieving energy independence, stating that the programme aligns with the Indian government’s green hydrogen goals. “Green hydrogen is poised to become a cornerstone of India’s energy transition. These projects will accelerate research and catalyze a cleaner, self-reliant India,” he said.

The National Green Hydrogen Mission, unveiled in 2023, aims to produce 5 million metric tonnes of green hydrogen annually by 2030, bolstering renewable energy capacity by 125 GW and significantly reducing carbon dioxide emissions. The mission positions hydrogen as a strategic alternative fuel with wide-ranging applications across industries.

Green hydrogen is seen as a critical component in diversifying energy sources, reducing emissions, and creating jobs in emerging green sectors. The six projects are expected to contribute significantly to India’s efforts to establish a robust green hydrogen economy.