Exclusive: India plans $2 billion incentive for green hydrogen industry

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

The Indian government expects industry to invest 8 trillion rupees in green hydrogen and its derivative green ammonia by 2030, said the industry manager and another government official. Green ammonia is made by combining nitrogen with hydrogen using renewable energy sources; it can be used by the fertiliser industry or as a fuel or convenient means of transporting hydrogen.

The government is estimating global demand for green hydrogen will exceed 100 million tonnes by 2030, from just under 75 million tonnes now, according to other industry sources.

 

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USGOV Seeing other Countries advance into the fourth industrial revolution as they're building new advancements when we are getting passed & behind by old oil and coal money. Our stock market shorting out companies here, outsourcing & Investing outside for cheaper opportunity

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Well done India

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Water are they doing about corruption in the water sector

They’ll probably blow themselves up. HydrogenPower hydrogen

Just contract it out and control the administration and performance. I guess removing it from public control stops someone from becoming a new billionaire at the public's expense. //So it goes

Green hydrogen is the future.

Soooo, 0.00001% of 1/5 of worlds electricity maybe sometime? Lol

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