India Hydrogen Alliance seeks US$360 mn for hydrogen projects in India
New-Delhi-based India Hydrogen Alliance or IH2A is seeking funds of US$360 million from the Indian government to build five green hydrogen hubs, in Gujarat, Karnataka, Maharashtra, Kerala, and Andhra Pradesh, and clustering the 25 green hydrogen projects, where multi-sectoral demand for green hydrogen can be produced, by 2025.
IH2A adds that it has submitted a plan to NITI Aayog and the renewable energy ministry. This also includes setting up of a National Hydrogen Development Corporation and public-private hydrogen taskforce, said the industry-led coalition of global and Indian companies such as Reliance Industries, JSW, Chart Industries, and others.
The 25/25 National Green Hydrogen Hub Development plan focuses on creating scalable green hydrogen projects and hubs that can grow to gigawatt-scale projects in three years, it said in an official press release.
According to Prabodha Acharya, chief sustainability officer, JSW Group, industrial majors must collaborate and co-build the green hydrogen economy through national hubs, as has been demonstrated in the plan.
The plan recommended that India should build at least 25 scalable green hydrogen projects, aggregating to 150 MW installed electrolyser capacity by 2025, designated first-generation national green hydrogen projects.
The industry body said: “Public finance support of US$360 million over next three years from the government for capital expenditure on electrolysers, balance-of-plant equipment, and a green hydrogen price support of US$2 per kg of hydrogen in first-generation green hydrogen projects should be done.”
It says that multi-sectoral demand for green hydrogen can be produced and used without building expensive new infrastructure in the next three years.
