India Aims to Become a Net Exporter of Green Hydrogen by 2023

Union Power Minister RK Singh recently spoke at the World Economic Forum in Davos, announcing that India is aiming to become a net exporter of green hydrogen by 2023. He also said that private companies have already lined up to set 6 million tonnes of green hydrogen and 32 million tonnes of green ammonia capacity in the country. In addition, pilot projects for green steel, shipping on green ammonia and long-range mobility using hydrogen fuel cells have been initiated. India’s transition to green energy will require battery storage and NTPC has invited bids for 1,000 MWh of battery storage capacity at a rate of Rs 10/kWh. The minister also stated that lithium-ion batteries will be avoided and instead sodium-ion or green ammonia will be used as options for battery storage. Currently, 42% of India’s power capacity is from renewable energy sources.

The Benefits of Green Energy

Green energy is an increasingly popular option for those looking to reduce their environmental impact. The use of green energy sources such as solar, wind, and hydropower can help reduce the burning of fossil fuels and the emissions that come with it. Additionally, green energy sources are often renewable, meaning they can be used indefinitely without depleting resources. Finally, green energy sources often require less maintenance and have lower operating costs when compared to traditional fossil fuel sources.
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Picture source: Karsten Würth