In a significant move to promote green hydrogen production in India, the government has announced the winners of its electrolyser scheme incentives. Thirteen companies, including Adani, Avaada, and Waaree, have been selected to receive benefits under the scheme, aimed at boosting the production of green hydrogen and reducing dependence on fossil fuels.
The electrolyser scheme, launched by the Ministry of Power, aims to promote the domestic manufacturing of electrolysers, which are critical components in the production of green hydrogen. The selected companies will receive incentives, including capital subsidies and tax benefits, to set up electrolyser manufacturing facilities in India.
Adani, Avaada, and Waaree are among the prominent winners of the scheme, which also includes other leading companies like Larsen & Toubro, Tata Power, and Reliance Industries. These companies will play a crucial role in driving India’s green hydrogen ambitions and reducing the country’s carbon footprint.
The government’s initiative is expected to give a significant boost to India’s green hydrogen production, which is critical for achieving the country’s net-zero emissions target by 2070. Green hydrogen, produced by electrolysis of water using renewable energy, has the potential to replace fossil fuels in various industries, including transportation, power generation, and industrial processes.
The electrolyser scheme is part of India’s broader strategy to promote clean energy and reduce dependence on imported fossil fuels. The government aims to achieve 20% of its energy requirements from hydrogen by 2050, and the electrolyser scheme is a critical step towards achieving this target.
Industry experts believe that the electrolyser scheme will not only promote green hydrogen production but also create new job opportunities and stimulate economic growth. The scheme is expected to attract significant investments in the electrolyser manufacturing sector, driving innovation and reducing costs.
With the announcement of the electrolyser scheme winners, India has taken a significant step towards achieving its green hydrogen ambitions. The selected companies will play a critical role in driving this transition and promoting sustainable energy solutions in India
