This is according to The Print, with hydrogen fuel cell vehicles holding promise in the transportation sector due to its adaptability whilst also being highly regarded as a zero-emission fuel for vehicles.
Should this study and assessment be successful it could see an influx of hydrogen technology and vehicles on Indian roads creating further demand for the clean energy carrier and investment opportunities in India.
India has also been progressing its hydrogen economy in the past year and this adds to the existing potential the country has to become a key player in the global value chain.
Nitin Gadkari, Union Minister for Road Transport and Highways India, said, “Green Hydrogen can be generated from renewable energy and abundantly available biomass. Introduction and adoption of technology to tap into the green hydrogen’s potential will play a key role in securing a clean and affordable energy future for India.
“FCEV powered by Hydrogen is one of the best zero-emission solutions. It is completely environment friendly with no tailpipe emissions other than water.”
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Formed in April 2021, the Indian Hydrogen Alliance (IH2A) is dedicated to the creation of a hydrogen value-chain and economy in India as the country strives to achieve a target of net zero greenhouse gas emissions by 2070, a goal which was laid out by Prime Minister Narendra Modi at the COP26 climate summit.
Currently the third largest emitter of carbon dioxide in the world today, following China and the US, India needs to start moving now – and IH2A aims to greatly support this. An industry-led coalition of global and Indian companies, IH2A works with private sector partners, the government, and the public to ensure that costs of hydrogen production are brought down, and a local supply chain for hydrogen and industrial, power and transport sector demand is created.
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