Green Hydrogen to be a game changer to move towards innovation

Hydrogen can reduce over $160 bn worth of imports for India.

Leading scientist and innovation evangelist, Dr R.A Mashelkar, Chief Guest on day 3 of IEEMA’s Digielec Bharat 2021, addressed a special session. He shared his vision on Green Hydrogen driven green revolution in India. 

Speaking on the occasion he articulated, “There has been an exponential growth in Hydrogen deployment globally. Green hydrogen has moved from hype to hope and there are 359 large scale H2 projects announced and an estimated investment worth USD 510 bn by 2030. 75+ countries have net-zero carbon ambition and 31 countries have already implemented the strategies. I believe policies should be made considering the carbon impact, complexity of hydrogen infrastructure investment and future changes to carbon pricing or import taxes, once subsidies are phased out to ensure competitiveness to existing conventional fuel.”

, “Green hydrogen will play a key role in the energy transition and it can reduce over US$160 bn worth of import for India. Countries like USA, Australia, India and Japan have decided to cooperate development for clean hydrogen value chain.”

He also cited steps required going forward and mentioned, “Graded market development for hydrogen will encourage private sector investment through competitive bidding. Also a framework for incentives and alignment with Make in India and Atma Nirbhar Bharat need to be developed with specific zones (H2 Hub) and Grid balancing. Technology should be supported by Bold Policy decisions, patient capital and public-private partnerships.”

Dr Mashelkar concluded his session stating, “I am dangerously optimistic about India. Talent, Technology and Trust will help our Nation become a world leader in affordable excellence.”

Vipul Ray, President, IEEMA, expressed, “Digielec Bharat is a culmination of Digitisation, Standardisation & Indianisation, taking forward the clarion call of Prime Minister on Atmanirbhar Bharat. Going forward Hydrogen will play a very critical role in shaping the power sector globally.”