Energetica India Magazine - September 2022

Renewable Energy and Green Hydrogen: A perspective for the future 78 energetica INDIA- September_2022 Renewable Energy is the energy produced from renewable sources that are constantly and natural- ly replenished at a higher rate than they are con- sumed. Green Hydrogen is produced by Electroly- sis of water using electricity from renewable energy sources with no harmful greenhouse gas emissions. Decarbonizing the planet is one of the most im- portant goals that countries around the world have set for 2050. To achieve this, producing green hy- drogen is the key. Hydrogen is the most abundant chemical in the universe, making up to 75% of all substances. The world is looking at Hydrogen as a solution for energy requirements and could be the key to fight and curb climate change by replacing fossil fuels. The green hydrogen program and the net zero goal can be very important in boosting the economy, cutting CO2 emissions, making jobs available, and enhancing the quality of life. Jayant Pandey Sales Head – North, DhaSh PV Technologies Pvt Ltd HYDROGEN According to the IEA’s report published in 2021, India is the third-largest energy consumer in the world. Since 2000, our energy consumption has doubled, and 80 per cent of our energy needs are still met by coal, oil, and solid biomass. Only 3 per cent of our energy needs are met by renewable energy sources. Solar power is set for explosive growth in India, as India target to reach 450 GW of Renewable capacity by 2030 considering India’s electricity dem is set to increase much more rapidly than its overall energy demands. In 2020, India’s hydrogen demand stood at 6 million tons per year and is expected to grow up to 28 million tonnes by 2050, where 80% of the demand is expected to be green. To achieve this target, renewable energy especially solar power is going to play the most import- ant part. In 2020, India’s hydrogen demand stood at 6 million tons per year and expected to grow up to 28MT by 2050, where 80% of the demand is expected to be green in nature. In the coming future dedi- cated solar and wind power plants will be required to pro- vide the required energy to run the Electrolyzer for the production of green hydrogen. The math of Renewable energy and green hydrogen: Here is the math (Considering