Monday, October 3, 2022

Govt mulling green Hydrogen purchase obligations from 2022: Power Secretary

Must read

  • ‘India is considering a proposal for green Hydrogen purchase obligations for fertilisers and refineries, beginning next year and increasing progressively until 2030,’ said Kumar
  • Hydrogen will enable us to overcome the intermittency of renewable energy, said the Secretary

New Delhi: Power Secretary Alok Kumar said that to create a market for green Hydrogen, the government is considering a proposal for rolling out green Hydrogen purchase obligation starting next year until 2030. Purchase obligations, combined with green Hydrogen auctions, will spur both production and demand, said the Power Secretary on Tuesday. Speaking at the BRICS Green Hydrogen Summit, Kumar invited BRICS nations to come together and make green Hydrogen commercially viable.

“India has taken a big decision to launch an ambitious National Hydrogen Mission. Under this mission, India is considering a proposal for green Hydrogen purchase obligations for fertilisers and refineries, beginning next year and increasing progressively until 2030. So, there will be demand for green Hydrogen. Market will help production of green Hydrogen. Then under this mission, the government is also planning to involve the private sector in a transparent and competitive manner to produce green Hydrogen. The government is planning to hold auctions,” said Kumar.

A green Hydrogen economy can be ready by 2030: Power Secretary

Stressing that market-making, government intervention, policy support and incentives can drive the development and adoption of green Hydrogen technologies, the Power Secretary said that a green Hydrogen economy may well be in place by 2030 or even sooner. “We will have ample renewable energy in the time to come in India and in the BRICS countries. And Hydrogen will enable us to overcome the intermittency of renewable energy. Because renewable energy can be turned into Hydrogen and then stored and transported,” said Kumar.

‘Battery storage deployment on large scale possible by 2026-27’

Commenting on the three key technologies in the power sector which will be crucial for chalking out energy transition, Kumar said that Hydrogen, Carbon Capture and Utilisation (CCU) and battery storage are promising but are not yet ready for commercial deployment. “Battery storage is a more mature technology out of these three. And we can think of implementing it on a large scale by 2026-27 in India. After battery storage, we should see Hydrogen technologies coming of age. As an ecosystem already exists for Hydrogen, so its adoption won’t be an issue. The only challenge is to shift from grey Hydrogen to green,” said the Secretary.

ALSO READ

1. NTPC invites EoI for Hydrogen Fuel Cell-based pilot projects

2. NTPC doubles 2032 RE target from 32 GW to 60 GW

Describing the energy landscape for the next decade, the Power Secretary said that the decade will see development of crucial technologies that should be ready for commercial deployment by the end of this period. “But this decade will have another task for us. Collectively, we have to work for development of new technologies, which will be implemented after this decade. In this decade, we need to put our money and knowledge into developing technologies that can be made commercially viable and can be implemented by the end of this decade,” said Kumar.

‘Energy efficiency will drive India’s energy transition’

Talking about India’s energy transition, the Power Secretary said that energy efficiency will drive India’s shift towards greener, cleaner energy. “As far as India is concerned, whatever we have been able to do on energy transition, it has been on two accounts. Energy efficiency in fields like buildings, appliances, industries and the larger share of renewable energy. Reduction in carbon emission per rupee of GDP has been made possible by greater penetration of energy efficiency technologies and renewable energy integration. Energy efficiency is a key idea that will drive the whole agenda of energy transition in a large way,” said Kumar.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

- Advertisement -

More articles

- Advertisement -

Latest News