The demand for hydrogen in India can grow five-fold by 2050, says new report by The Energy and Resources Institute (TERI).
The Potential Role of Hydrogen in India also found that by 2030, the costs of green hydrogen from renewables will fall more than 50% and start to compete with hydrogen from fossil fuels.
“This is a first-of-its-kind, cross-sector assessment of how hydrogen technologies can support the transition to a zero-carbon energy system in India,” said Will Hall, Fellow, TERI, and one of the report authors.
The report says that hydrogen needs to be targeted in sectors where direct electrification is not possible.
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