The hydrogen opportunity

In the Independence Day speech of 2021, Prime Minister Modi announced the setting up of the National Hydrogen Mission to make India self-reliant in energy and become a global hub for green hydrogen. In February 2022, the government announced the policy for green hydrogen to help set up the hydrogen ecosystem. This policy allows (a) manufacturers to set up renewable-energy capacity for green hydrogen anywhere in India; (b) time-bound open access approval for 25 years, without central surcharge and zero inter-state transmission charge for projects commissioned before H1CY2025; (c) 'bankable' storage of generated power for 30 days (d) for storage of green H₂ for exports at facilities near ports. The policy also provides for statutory clearances to be provided within 30 days of application.

This article was originally published on March 17, 2022.