Green Hydrogen is a disruptive game changer: Dr. Mashelkar
There has been an exponential growth in Hydrogen deployment globally. Green hydrogen has moved from hype to hope and there are 359 large scale H2 projects announced and estimated investment worth USD 510 bn by 2030. More than 75 countries have net zero carbon ambition and 31 countries have already implemented the strategies, said leading scientist and innovation evangelist Dr. R. A. Mashelkar while addressing a session of IEEMA’s Digielec Bharat 2021.
Sharing his vision on Green Hydrogen driven green revolution in India, he said, “I believe policies should be made considering the carbon impact, complexity of hydrogen infrastructure investment and future changes to carbon pricing or import taxes, once subsidies are phased out to ensure competitiveness to existing conventional fuel.”
He further added, “Green hydrogen will play a key role in the energy transition and it can reduce over USD160 bn worth of import for India. Countries like the USA, Australia, India and Japan have decided to cooperate development for clean hydrogen value chain.”
He also cited steps required going forward and mentioned, “Graded market development for hydrogen will encourage private sector investment through competitive bidding. Also a framework for incentives and alignment with Make in India and AatmNirbhar Bharat need to be developed with specific zones (H2 Hub) and Grid balancing. Technology should be supported by Bold Policy decisions, patient capital and public-private partnerships.”
Dr. Mashelkar concluded his session stating, “I am dangerously optimistic about India. Talent, Technology and Trust will help our Nation become a world leader in affordable excellence.”
Vipul Ray, President, IEEMA, expressed,“Digielec Bharat is a culmination of Digitization, Standardization & Indianisation, taking forward the clarion call of Prime Minister on AatmNirbharBharat. Going Forward Hydrogen will play a very critical role in shaping the power sector globally.”