The New and Renewable Energy Minister announced that the government would work with the energy industry to create the most cutting-edge fuel cell technology as well as hydrogen storage techniques needed for sustainable hydrogen ecosystems
India is among the countries with the lowest emissions of carbon globally, the per-capita emissions of our country comprise about one-third of the worldwide averages according to Union Minister of Power and New & Renewable Energy R. K. Singh stated while speaking at the 3-day International Conference on Green Hydrogen (ICGH-2023) this morning in New Delhi.
Singh said that India exceeded the Nationally Determined Contributions target, reaching 40% of fossil-free electricity in 2021. This is 9 years ahead of the deadline for 2030. “We are a leader in the world that reduce emissions including the program that uses LEDs. It has led to the reduction of carbon dioxide emissions by 103 million tonnes each year. The Performance Accomplish Trade Scheme has reduced in emissions by around 106 million tons annually.”
The Minister stated the fact that 42 percent of the power generation capacity in India today is dependent on fossil-free fuels. He also said that we can exceed the objective of 50% power generation capacity derived using non-fossil energy sources by 2030.
Singh stated that India has started to emerge as an innovator in the field of green hydrogen in addition. Singh said that as part of the National Green Hydrogen Mission, plans have already begun in the hopes of setting up 3.5 million tonnes of production capacity using green hydrogen in the near future.
“We have the ability to achieve this because we’ve set up an enormous and robust system for renewable energy, and we have two industries today that have world-class leading in wind and solar energy-related ecosystems. There are 250,000 MW of solar manufacturing capacity. We have another 40 to 50 GW of solar power under construction. Our company is set to rise as the biggest manufacturer of solar panels and solar cells in the world outside of China.”
The Minister also said that the cost of India’s green hydrogen is the lowest anywhere in the world due to the fact that the price of establishing renewable energy infrastructure in India is one of the lowest globally. Entire India under one network The Minister said.
If you’re working in the area of energy or electricity This is the right place to be.
In a report by an industry group that declared India as the top place in the world for green energy investments, The Minister stated that all major funds are committed to India. “This is because India is the fastest-growing largest economy in the world this also implies an increase in the demand for energy. We are, therefore, the largest growing market and if your company is involved in energy-related business then this is where you need to be.
Singh stated the government had launched incentives to encourage electrolyzer production and the production of green hydrogen. In announcing that we’re only nearing the point of development, the Minister noted that India has an enormous capacity for steel production, and huge mobility markets along with cement and fertilizers, offering huge potential for green steel as well as green mobility, green fertilizers, as well as green cement.
Join us and become a partner
The New and Renewable Energy Minister has informed industry representatives that the government is planning to partner with the industry on the development of the most cutting-edge fuel cell technology as well as hydrogen storage technology needed to create a green hydrogen ecosystem. “The R&D roadmap will have inter-disciplinary partnerships between industries, the government, and IITs so patents will also be held by us all together. Therefore, join with us. It is the largest market anywhere in the world and we would prefer solutions that are developed by us in India.