A $1bn hydrogen economy development fund, a public-private hydrogen taskforce and the creation of 10 national BharatH2 clusters: That’s exactly what the Indian Hydrogen Alliance (IH2A) has asked the Government of India for budgetary support on as it looks to support a decarbonised future.
The industry body today (Jan 11) confirmed its government support request, having made submissions to the NITI Aayog, Ministry of New and Renewable Energy, Ministry of Finance, Ministry of Commerce, Ministry of Petroleum and Natural Gas, Ministry of Steel and the Ministry of Chemicals and Fertilizers.
With government support, the alliance hopes to boost India’s developing hydrogen economy to meet various decarbonisation targets. As a whole, IH2A estimates that India will need investments of approximately $25bn, from public and private sectors, to create a domestic hydrogen supply chain with national installed electrolyser capacity of 25GW.
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