The Indian Hydrogen Alliance (IH2A), an industry-led coalition meant to promote hydrogen economy, has suggested that the government should identify ten hydrogen projects in the country and provide incentives to them.
“IH2A would like to suggest that the Government of India identify at least 10 National H2 Projects by end 2022, provide incentives to encourage feasibility studies for such projects within the Union Budget 2022-23, and invite industry consortia to bid for such national Bharat H2 projects,” says a statement from the Alliance, submitted as its wish-list to the government.
IH2A counts Reliance Industries and JSW among its corporate members. Think-tanks such as CEEW and TERI and government agencies such as Niti Aayog are also its members.
The alliance says that India would need $25b to create a domestic hydrogen supply chain, starting from 25GW of electrolyser capacity, to produce the needed 5 million tons of green hydrogen.
To make this possible, the alliance has suggested the creation of a Hydrogen Economy Development Fund “with investments from the government of India, multilateral agencies, global institutional investors, climate finance funds and the private sector,” the statement says. The fund should raise at least $1billion by 2025, it says.
The ten projects chosen as the recipients of the incentives, should be implemented as ‘open innovation’ projects so that learnings can be replicated in next generation of H2 projects and the projects can act as regulatory sand-box for the next generation of H2 projects, IH2A has told the government.
Here is the IH2A full statement:
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