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.
Formed in April (2021), the alliance is dedicated to commercialising hydrogen technologies and systems to encourage the construction of net-zero carbon pathways in India, with a focus on industrial clusters, well as heavy-duty transportation.
On the IH2A submission to the Government of India, Jill Evanko, CEO and President of Chart Industries, founding member of IH2A, said, “Funding support is critical for development of a hydrogen economy in India. A comprehensive set of policy interventions and budget incentives covering the entire hydrogen value chain are needed.
“Public and private funding for hydrogen should cover the entire supply chain – from production and supply-side, storage and transport as well as demand side to encourage industrial off-take in hard-to-decarbonise sectors of the economy.
“We have proposed a Hydrogen Economy Development Fund to be created to fund at least 10GW-scale national hydrogen projects by end 2022 bringing together consortia of industry players to create the first-generation of national hydrogen clusters.”
Evanko continued, “We have also proposed a public-private Bharat H2 Taskforce that will act as the combined expert advisory group, bringing together national and global hydrogen expertise in hydrogen technology, project development, safety standards and funding, to all Indian stakeholders.
“The creation of the public-private Bharat H2 Taskforce is critical for meeting the national ambitions for hydrogen commercialisation and developing a domestic supply chain in India.”
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