India approves green hydrogen mission at initial outlay of Rs 19,000 crore ($2 B US) [View all]

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CNBC | Parikshit Luthra | January 04, 2023

The Union cabinet approved an initial outlay of Rs 19,744 crore for the National Hydrogen Mission, Union minister Anurag Thakur said on Wednesday. He added that incentives worth more than Rs 17,000 crore will be allotted for electrolyser and green hydrogen manufacturing in the country, while "Rs 400 crores will be spent on developing green hydrogen hubs in the country."

"To encourage manufacturing of low-cost equipment and technologies, two types of incentives will be given — incentives will be given on electrolyser manufacturing for five years and incentive on production of green hydrogen. Green hydrogen hubs will also be developed," Thakur said.
According to the International Energy Agency, an electrolyser is a "critical technology" for the production of low-emission hydrogen from renewable or nuclear electricity.

What else is planned under this mission?...

...The National Green Hydrogen Mission plan aims to provide direct incentives for green hydrogen manufacturing to the tune of approximately Rs 13,000 crore. The mission will be spearheaded by the cabinet secretary, empowered group of secretaries. National Hydrogen Energy expert group and mission secretariat.

The Centre's National Hydrogen Mission emphasises on generating hydrogen from green power sources. It focuses on developing "India as a global hub for manufacturing of hydrogen and fuel cells technology across the value chain"...more
https://www.cnbctv18.com/economy/india-cabinet-approves-green-hydrogen-mission-explained-narendra-modi-15578611.htm

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