India is gearing up to initiate a pioneering pilot project designed to generate 100 megawatts (MW) of round-the-clock (RTC) power using green hydrogen as a storage medium, according to Union Minister for New & Renewable Energy, R K Singh.
Speaking at the Fourth International Conference & Exhibition on Clean Energy, Singh outlined India’s ambition to position itself as a leading producer and exporter of green hydrogen and ammonia, driven by the nation’s cost-effective renewable energy resources. He underscored India’s existing substantial manufacturing capacity for green hydrogen, highlighting the country’s pivotal role in the emerging hydrogen economy.
Singh emphasized the significant investment opportunities poised to benefit India, with an investment pipeline amounting to nearly $250 billion. He attributed this optimistic outlook to the growing global interest in renewable energy and green hydrogen, foreseeing the potential for further expansion in the future.
During the event, Sanjiv Puri, President Designate of the Confederation of Indian Industry (CII) and Chairman & Managing Director of ITC Limited, stressed the pivotal role of Micro, Small, and Medium Enterprises (MSMEs) in India’s economic landscape. Puri advocated for fostering collaboration between MSMEs and larger corporations, asserting that such partnerships could enhance the competitiveness of smaller enterprises while facilitating their transition to a lower-carbon footprint.
Moreover, the event served as a platform for key unveilings and announcements:
1. CII-EY Report on India’s Energy Transition: Minister R K Singh unveiled a report jointly prepared by the Confederation of Indian Industry (CII) and EY, focusing on India’s potential to emerge as a global leader in renewable energy innovation and manufacturing. The report underscored the critical role of domestic manufacturing capabilities in reducing import dependence and strengthening supply chain resilience, not only within India but also on a global scale.
2. Energy Transition Investment Monitor Dashboard: R K Singh introduced an innovative analytics platform known as the “Energy Transition Investment Monitor Dashboard.” This platform tracks over 900 projects within the renewable energy services and technology supply chains. These projects hold significant promise for economic development and align closely with India’s long-term climate action objectives and energy security goals.
India’s commitment to advancing green hydrogen technology and renewable energy aligns with global efforts to transition to sustainable and environmentally friendly energy sources. The forthcoming launch of the 100 MW green hydrogen storage pilot represents a significant milestone in India’s pursuit of clean and reliable power solutions.
As India continues to expand its renewable energy infrastructure and foster innovation in green hydrogen production, it reinforces its position as a major player in the global transition to a sustainable and low-carbon energy future. The investments and initiatives unveiled at the conference underscore India’s determination to harness its abundant renewable resources to address energy challenges while contributing to a greener planet.
