Green Hydrogen
What
India's dependence on fossil fuel imports for its energy needs has been a concern, carrying significant economic and geopolitical implications. Indian government believes green hydrogen as a key opportunity to substantially reduce this dependency.
Government has launched National Hydrogen Mission to establish India as a global hub for green hydrogen. Under the mission, India aims to develop a green hydrogen production capacity of at least 5 MMTPA by 2030.
Leading Indian conglomerates including Reliance Industries, Adani Enterprise, Thermax, L&T etc. have announced significant investments and are in the process of setting-up GW scale electrolyser manufacturing facilities and have planned projects totalling over 20 GW of electrolyser manufacturing and are actively seeking technologies to enhance their capabilities.
As part of the mission, the government has approved an initial outlay of 2.4 billion USD to incentivize companies to manufacture electrolysers and produce green hydrogen.
Eight companies have been awarded subsidies of up to USD 0.60 per kilogram of green hydrogen produced, while another eight companies will receive subsidies of up to USD 55 per kilowatt of electrolyser capacity sold.
How
India-Sweden Green Hydrogen Cluster is created to showcase capabilities and use-cases to key Indian and Southeast Asian stakeholders.
In Phase I of the cluster, workshops with seven leading Indian green hydrogen companies led to over 25 collaboration opportunities for participating Swedish companies.
Phase II of the cluster will focus on an additional Southeast Asian market alongside India, to be mutually decided with the participating Swedish companies.
Dedicated technical sales workshops are planned for Q3/Q4 2025 with 3-4 leading green hydrogen companies each in India and one additional market from the SEA region.
CONTACT US
For more information contact Naman Sethi at Naman.sethi@business-sweden.se.