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The Energy and Resources Institute of India (TERI) said in a report released on Wednesday that the cost of green hydrogen will be reduced by more than 50 percent by 2030 and will start competing
with hydrogen from fossil fuels.
"Green" hydrogen is a zero-carbon fuel produced by electrolysis that splits water into hydrogen and oxygen
using renewable energy from wind and solar power.
"This is the first cross-sector assessment of how hydrogen technology can support India's transition to a zero-carbon energy system," said TERI researcher Will Hall, who is also one
of the authors of the report.
In transportation, battery electric vehicles (BEVs) will be competitive in all market segments, with the exception of heavy-duty transportation over very long distances, which may be powered
by hydrogen.
In the industrial sector, hydrogen will begin to compete with
fossil fuels in some applications by 2030.
In the power sector, hydrogen can provide an important seasonal storage source
for many renewable energy sources such as solar and wind power.
The study argues that large amounts of seasonal storage
are only needed when wind and solar energy account for a high proportion of total electricity generation (60-80%).
Kumar said the government sees hydrogen as "our next sunrise sector and the transition to a hydrogen economy is India's way forward.
"
It is reported that technological advances and hydrogen costs will fall faster
than expected.
Dr Ajay Mathur, Director General of TERI, said: "The falling cost of hydrogen will drive its use to expand and India has the opportunity to develop an economically competitive low-carbon hydrogen sector that will spur job growth and reduce energy imports while drastically reducing emissions
.
”
The Energy and Resources Institute of India (TERI) said in a report released on Wednesday that the cost of green hydrogen will be reduced by more than 50 percent by 2030 and will start competing
with hydrogen from fossil fuels.
"Green" hydrogen is a zero-carbon fuel produced by electrolysis that splits water into hydrogen and oxygen
using renewable energy from wind and solar power.
"This is the first cross-sector assessment of how hydrogen technology can support India's transition to a zero-carbon energy system," said TERI researcher Will Hall, who is also one
of the authors of the report.
In transportation, battery electric vehicles (BEVs) will be competitive in all market segments, with the exception of heavy-duty transportation over very long distances, which may be powered
by hydrogen.
In the industrial sector, hydrogen will begin to compete with
fossil fuels in some applications by 2030.
In the power sector, hydrogen can provide an important seasonal storage source
for many renewable energy sources such as solar and wind power.
The study argues that large amounts of seasonal storage
are only needed when wind and solar energy account for a high proportion of total electricity generation (60-80%).
Kumar said the government sees hydrogen as "our next sunrise sector and the transition to a hydrogen economy is India's way forward.
"
It is reported that technological advances and hydrogen costs will fall faster
than expected.
Dr Ajay Mathur, Director General of TERI, said: "The falling cost of hydrogen will drive its use to expand and India has the opportunity to develop an economically competitive low-carbon hydrogen sector that will spur job growth and reduce energy imports while drastically reducing emissions
.
”
