In the future, green hydrogen, hydrogen produced with renewable energy resources, could provide developing countries with a zero-carbon energy carrier to support national sustainable energy objectives. To achieve policy makers and investors have to work closely together. Developing countries with good renewable energy resources could produce green hydrogen locally, generating economic opportunities, and increasing energy security by reducing exposure to oil price volatility and supply disruptions.

 

As green power takes precedence in the global scheme of things, the Indian government has already kick-started its green hydrogen journey.

 

On 15 August 2021, Prime Minister of India Narendra Modi, flagged the launch of a National Hydrogen Mission and announced his decision to transform India into a global hub for green hydrogen production and export.

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​Indian parliament has passed the  Energy Conservation (Amendment) Bill, 2022 promoting energy efficiency and conservation. The bill also seeks to mandate the use of non-fossil sources, including biomass and ethanol, for energy and feedstock, along with the use of green hydrogen and green ammonia.

 

India recently announced a draft policy mandating that green hydrogen account for 10% of the overall hydrogen needs of refiners by 2023-24. For the fertiliser sector, the requirement is around 15%. The country also plans to increase its non-fossil energy capacity to 500 GW by 2030 and meet 50% of its energy requirements from renewable energy by 2030.

 

Wind and solar power are cheap, climate-friendly, and set to become mainstays of future energy supplies. Under the rooftop solar programme Phase-II, a total of 5.7GW solar capacity has been set up as on November 30 in India. 52 solar parks have been sanctioned with a cumulative capacity of 37.92GW in 14 States of India. Energy researchers assume that wind and solar power will become 20-50% cheaper by 2030 as the technology develops.

 

India's renewable energy sector is expected to boom with a likely investment of over $15 billion in 2022 as the government focuses on electric vehicles, green hydrogen, manufacturing of solar equipment as well as achieving the ambitious 175GW renewable capacity target.

 

The National Renewable Energy Laboratory’s detailed analysis suggested that India’s storage technologies’ capacity could reach between 180 GW and 800 GW, representing between 10% and 25% of total installed power capacity by 2050. The storage energy capacity would be between 750 GWh and 4,900 GWh by 2050. 

 

India will need four lakh EV charging stations by 2026 to meet the expected 20 lakh vehicles on the road. Electric vehicle charging stations (EVCSs) with solar rooftop photovoltaic (SRTPV) facility are economically more viable than those with grid. 

 

According to the market estimates, India generates more than 50,000 tons of lithium-ion battery waste every year and it is growing in the range of 40-80 per cent depending on different models used for computing electric vehicle growth in India. 30 per cent of the value of a lithium-ion battery cell is the value of metals which make it up, which include cobalt, lithium, nickel, and graphite.

 

Energy researchers assume that wind and solar power will become 20-50% cheaper by 2030 as the technology develops. It would be cheapest to generate about 76% percent of global energy demand with solar power and 20% with wind power. About 7% of global electricity demand is now met by wind power. India added 2,835 MW of solar capacity in the third quarter (Q3) of the calendar year (CY) 2021. 

 

CoP26 commitment by India:

 

• to raise the non-fossil fuel based energy capacity of the country to 500 GW by 2030

• by 2030, 50% of the country’s energy requirements would be met using renewable energy sources.

• the country will reduce the total projected carbon emission by one billion tonnes between now and the year 2030.

• the carbon intensity of the economy would be reduced to less than 45% by 2030,

• the country would become carbon neutral and achieve net zero emissions by the year 2070

Innovative Concepts is pleased to launch the Energy Transition India, an international conference & exhibition to discuss the critical subject. The event aims at creating a platform & act as a bridge between regional leaders, organizations & stake holders to jointly discuss the strategies, technology implementation & adaptability, to work towards making an impact for reducing the CO2 footprint for a sustainable, greener & better world. 

 

Join us in the journey of Energy Transition India.