The India Hydrogen Alliance (IH2A) has submitted a National Green Hydrogen Hub Economic Viability and Development Plan to the government, with potential to create five large National Green Hydrogen Corporations collectively worth $5bn by 2030.
The public-private plan seeks public finance support for green hydrogen production and offtake to create the necessary infrastructure in the initial 2024-2030 period, and publicly list the national hydrogen corporations created as a result to fund the next wave of investments to scale up the hydrogen economy. India is targeting 5 million tonnes of green hydrogen production by 2030.
The National Green Hydrogen Hub Economic Viability and Development Plan was submitted by IH2A to the Prime Minister’s Office (PMO), Cabinet Secretariat and Ministry of New and Renewable Energy (MNRE) in the Government of India.
Jill Evanko, Chief Executive and President, Chart Industries, and founding member, IH2A, said the plan is a pathway for India to accelerate Green Hydrogen Hub development and create national infrastructure assets in a financially viable manner.
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