Hygenco to invest $2.5 bn over 3 years to set up Green Hydrogen projects in India
New Delhi: Green Energies is planning to invest $2.5 billion over three years to set up Green Hydrogen projects across multiple states in...
By Bhakti Shahane
As the world confronts the urgency of climate change, green hydrogen has emerged as a transformative energy solution. With nations striving to lower carbon emissions and meet net-zero targets, the Global Green Hydrogen Initiative is spearheading the widespread adoption and scaling of green hydrogen technologies, signaling a shift toward a cleaner, more sustainable energy future.
What is Green Hydrogen?
Green hydrogen is produced via the electrolysis of water using renewable energy sources such as solar, wind, and hydro. Unlike grey or blue hydrogen, green hydrogen produces zero greenhouse gas emissions, making it the cleanest and most sustainable form of hydrogen. It is pivotal in decarbonizing hard-to-abate sectors like steel, cement, and chemicals.
Global Country-wise Initiatives
Global Efforts to overcome Green Hydrogen w.r.t Upcoming Challenges
Green hydrogen is gaining global momentum, with countries and organizations addressing key challenges to accelerate its adoption. The primary obstacles include high production costs, infrastructure limitations, and energy inefficiencies.
Cost Reduction: One of the largest barriers is the high cost of production. Nations are investing in R&D to lower costs through innovations in electrolyzer technology and renewable energy integration. IRENA predicts that by 2050, green hydrogen will become competitive with fossil fuels due to significant cost reductions.
Infrastructure Development: A global hydrogen economy requires substantial infrastructure investments in production, storage, and distribution networks. Large-scale projects, such as the EU’s Hydrogen Valleys, are creating interconnected ecosystems to enhance the integration and use of hydrogen across regions.
Efficiency Improvements: Green hydrogen production currently faces 30-40% energy losses. Efforts are focused on improving electrolyzer and fuel cell efficiency through technological breakthroughs, which will make hydrogen more viable for large-scale use.
Policy Support: Governments, including the U.S. through the Bipartisan Infrastructure Law, are introducing policies that incentivize green hydrogen development and facilitate public-private collaborations.
According to IRENA, the green hydrogen market is set to grow from $1.8 billion in 2021 to $89 billion by 2030. These global efforts will pave the way for green hydrogen’s essential role in the clean energy transition.
Conclusion
The Global Green Hydrogen Initiative is transforming the energy landscape, offering a pathway to decarbonize industries and reduce emissions. India’s leadership in green hydrogen, coupled with global efforts, will drive the transition to a cleaner, more sustainable future powered by green hydrogen. As costs continue to decrease and infrastructure expands, green hydrogen will play an essential role in achieving a carbon-neutral world.