India plans $2-B incentive for green hydrogen industry – sources

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

India is planning a $2-billion incentive program for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field.

Hydrogen can be used as a fuel. It is made by splitting water with an electrical process, electrolysis. If the devices that do that, electrolysers, are powered by renewable energy, the product is called green hydrogen, a fuel free of greenhouse emissions.

The green hydrogen proposal is likely to be called “Strategic Intervention for Green Hydrogen Transition ” and will be split into 45 billion rupees for electrolyser manufacturing for five years and the 135 billion rupees for green hydrogen and green ammonia production for three years, the manager and second official said.The incentive for making green hydrogen is likely to be 50 rupees per kg for three years, they said.

In February the government announced plans for India to make 5 million tons of green hydrogen annually by 2030, a figure that the first government official said could be doubled, depending on international demand.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines