FTI Consulting and the Energy and Resources Institute (TERI) have launched the ‘South-Asia New Energy Series’, a collection of stakeholder consultations that will focus on renewable energy – including hydrogen – in India.
The series will cover topics such as global policy coordination, funding, clean transport and industrial decarbonisation as well as bringing policy and stakeholders together.
The first of these discussions had be centred around enabling policy and regulations.
The highlights of the debates will be published within a public report that is set to be released in July 2021.
In the opening keynote of the discussions, Amitabh Kant, CEO of NITI Aayog, said, “Green hydrogen as an energy carrier can replace some of India’s energy-related imports.
“India consumes 8.5% of the global demand of hydrogen, made from 18 MT of import-dependent natural gas.
“We have among the lowest prices of renewable power, which can help India become a major producer of green hydrogen, critical to meet India’s ambitious target of 450GW renewable energy by 2030.
“Every 1GW of green hydrogen electrolysis needs 3GW of renewable power. The potential is huge. We can use the surplus renewable power in peak generating hours to produce green hydrogen, which will also protect the grid.”
Amrit Singh Deo, Senior Managing Director of Strategic Communications at FTI Consulting, said, “Policy makers and industry must collaborate on enabling policies, funding, standards and commercialisation of new, clean energy systems like hydrogen.
“This builds on the momentum to facilitating commercialisation of hydrogen systems and policies in India.”
Dr. Vibha Dhawan, Director General at TERI, added, “The South Asia New Energy Series connects developments between renewable energy and battery scale-up, with green hydrogen commercialisation.
“This has significant implications for policy design as well as project development.
“The government has already announced the formation of a National Hydrogen Energy Mission.
“I expect the deliberations during the series will provide meaningful input to promote clean energy and facilitate more government-industry collaboration.”
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