To facilitate green hydrogen projects, several state governments have approved policies and projects, with Andhra Pradesh approving a green ammonia plant in Kakinada and Uttar Pradesh approving a green hydrogen policy and thermal plant units.
Here's a summary of state-level approvals and initiatives related to green hydrogen projects:
State-Level Approvals and Initiatives:
Andhra Pradesh:
Approved the establishment of a 1.0 MMTPA green hydrogen-based green ammonia manufacturing plant at Kakinada by AM Green Ammonia (India) Private Limited, as per the provisions of the AP Integrated Clean Energy Policy, 2024 (ICEP).
Uttar Pradesh:
Approved a green hydrogen policy and a proposal for setting up two units of 800 MW in Anpara in collaboration with NTPC at a cost of Rs 8,624 crore.
The policy includes provisions for subsidies on capital expenditure, energy banking, and exemptions in electricity duty.
Other States:
The Indian government has identified 10 potential states for manufacturing green hydrogen: Karnataka, Odisha, Gujarat, Rajasthan, Maharashtra, Tamil Nadu, Andhra Pradesh, Kerala, Madhya Pradesh, and West Bengal.
Karnataka aims to build India's first green hydrogen manufacturing cluster or district.
Tamil Nadu has approved ACME Group's green hydrogen and ammonia project.
The Government of Himachal Pradesh has incorporated provisions in the Himachal Pradesh Energy Policy 2021, to promote the Green Hydrogen Energy Storage.
Central Government Initiatives:
The Ministry of New and Renewable Energy (MNRE) is implementing the National Green Hydrogen Mission, with an outlay of ₹ 19,744 crores.
The mission aims to accelerate the deployment of green hydrogen as a clean energy source.
The Ministry has issued Scheme Guidelines for implementation of Pilot Projects for use of Green Hydrogen in the Transport Sector.
The Ministry has also waived Interstate Transmission System (ISTS) charges for 25 years for green hydrogen and green ammonia production units using renewable energy.
The Ministry has designated the Bureau of Energy Efficiency (BEE) as the nodal authority responsible for accrediting agencies for the monitoring, verification, and certification of Green Hydrogen projects.
Electrolyzers Market worth $78.01 billion by 2030
ReplyDeleteAccording to a new research report, the global Electrolyzers Market is projected to grow from USD 3.75 billion in 2024 to USD 78.01 billion by 2030 at a CAGR of 65.9% during the forecast period. This growth mainly comes in response to supportive government initiatives that encourage renewable energy technologies as well as advancements in the electrolysis process. Electrolyzers play a crucial role in the production of hydrogen since they split water into hydrogen and oxygen using electricity that can be generated from renewable sources, such as solar and wind energies. As nations accelerate efforts to decarbonize and reduce the reliance on fossil fuels, electrolyzers are increasingly important in diverse applications involving power generation, transportation, or industrial processes. The recent interest in hydrogen fuel cells and green ammonia production further underlines the potential of the electrolyser market as the basis of global energy transition towards sustainable solutions.
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Electrolyzers Market worth $78.01 billion by 2030
According to a new research report, the global Electrolyzers Market is projected to grow from USD 3.75 billion in 2024 to USD 78.01 billion by 2030 at a CAGR of 65.9% during the forecast period. This growth mainly comes in response to supportive government initiatives that encourage renewable energy technologies as well as advancements in the electrolysis process. Electrolyzers play a crucial role in the production of hydrogen since they split water into hydrogen and oxygen using electricity that can be generated from renewable sources, such as solar and wind energies. As nations accelerate efforts to decarbonize and reduce the reliance on fossil fuels, electrolyzers are increasingly important in diverse applications involving power generation, transportation, or industrial processes. The recent interest in hydrogen fuel cells and green ammonia production further underlines the potential of the electrolyser market as the basis of global energy transition towards sustainable solutions.
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Key Market Players
Plug Power Inc. (US),
Siemens Energy (Germany),
Thyssenkrupp nucera (Germany),
Nel ASA (Norway),
John Cockerill (Belgium) among others...
Mobility is expected to be the largest segment during the forecast period
Electrolyzers for mobility dominate the market because green hydrogen is fast becoming popular as the clean fuel substitute for vehicles. Quicker refilling times, more range, and zero-emission options compared to battery electric vehicles make hydrogen-powered fuel cell vehicles—the kind that includes automobiles, buses, lorries, and trains—more commercially appealing. To de-carbonize the transportation sector, governments and entities globally have invested significantly in infrastructure for hydrogen refueling and provided incentives that encourage the adoption of hydrogen. Moreover, the versatility of electrolyzers in the on-site production of hydrogen for mobility purposes aligns well with the global shift toward clean and efficient means of transportation.
Anion exchange membrane, by Technology, is expected to be the largest segment during the forecast period
Anion exchange membrane (AEM) is now becoming the most rapidly growing technology in the electrolyzers market, owing to its unique combination of cost-effectiveness and performance efficiency. While PEM systems are rather expensively made using precious metal catalysts, non-precious metal catalysts are used in AEM, making them much cheaper. Besides this, the possibility of low-energy operation and compatibility with renewable sources makes it even more attractive during transition into green hydrogen. Membrane technology and scalability in the manufacturing processes further increase the efficiency of and robustness of AEM-based electrolyzers faster and make them favourites for those industries that look for low-cost, environmentally friendly hydrogen production.