India's Hydrogen Surge: A Green Energy Revolution
The demand for hydrogen in India is projected to grow by 3% annually, reaching 8.8 MTPA by 2032. Despite ambitious green hydrogen projects, few have reached final investment decisions. Key challenges include high hydrogen costs and open-access electricity regulations limiting renewable energy use.
- Country:
- India
India's hydrogen demand is projected to increase by 3% each year, reaching 8.8 million tonnes annually by 2032, according to a report from the India Energy Storage Alliance (IESA).
Despite the announcement of green hydrogen projects exceeding 9 MTPA, many have not yet secured final investment decisions or long-term agreements, stated the report released during India Energy Storage Week.
Challenges such as elevated hydrogen costs and restrictive open-access electricity regulations remain significant hurdles in meeting renewable energy objectives and reducing dependence on fossil fuels.
(With inputs from agencies.)
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