Energetica India Magazine - September 2022

energetica INDIA- September_2022 79 HYDROGEN To achieve the H2 production target set by India which is 12 million tons by 2030 and 28 million tons by 2050 around 330GW of dedicat- ed solar power capacity is required by 2030 and 770GW of dedicated solar power capacity is required by 2050, considering 100% require- ment is met by green hydrogen. National Hydrogen Mission and Role of Renewable energy: Prime Minister Narendra Modi put forth India’s Vision to achieve carbon neutrality by 2070 along with an additional aggres- sive near-term target of 500GW of renewable capacity. India is working towards the goal to achieve the following targets. • The world’s largest Electrolyzer has a capacity of around 60GW by 2030. • The world largest producer of green Steel at 15-20 million tons by 2030. • The world’s largest Electrolyzer manufacturing capacity of 25GW per year by 2028. • The world’s largest producer of green ammonia by 2030 may require around 100GW of green Hydrogen. • Around $1 billion investment in research & development of green hydrogen. • Target to achieve the cost of green hydrogen to $1/Kg. • Target to achieve 160GW of green hydrogen capacity. Financing green hydrogen and industry demands Mobilizing finance: Mobilizing funds will be a crucial component in achieving the goals set to power the transition to green hydrogen. The government can promote start- ups and researchers with grants and loans, assist entrepreneurs with in- vestor networks, and develop poli- cies that minimize the risks associ- ated with being the first to market. The public should be encouraged by the government to increase their demands. Institutions for climate fi - nance and multilateral development banks can also support the promo- tion of manufacturing. Private in- vestment is also necessary to sup- port manufacturing and research. Corporate venture capital can offer the chance to increase pro- duction to handle the demand. A robust plan to blend hydrogen: To spur early demand that will bolster the manufacturing industries and in- vestors, a clear plan should also be established for blending hydrogen in current and future consuming sec- tors. Actions should be done right away to develop and harmonize standards. Standards, labelling, and tracing mechanisms for innovative items like Electrolyzer and fuel cells. Skill development: Skill development will also play an important part in achieving the net zero goal. Tech- nological skill development is the most efficient strategy to drive busi - ness outcomes. To get the intended results, a skilled scalable skill pro- gramme was created. A hydrogen skill development program should also cover business models, poli- cy concepts, and implementation strategies in addition to technology. An effort should be made from all academic angles, including govern- ment-funded and commercial insti- tutions, as well as specifically target - ed skill development programs led by specialists in the business. Conclusion Since the beginning of the twen- ty-first century, renewable energy has set the pace for the green energy movement. In addition to lowering carbon footprints, renewable energy has created thousands of jobs. The green hydrogen program and the net zero goal can be very import- ant in boosting the economy, cutting CO2 emissions, making jobs available, and en- hancing the quality of life. Despite numerous obstacles, including energy needs, technologi- cal limitations, financial constraints, etc., the globe is working to overcome these obstacles and reduce the price of hydrogen to about $1–2/Kg. The de-carbonization of industries like steel, fertilizers, ships, and automobiles will be hy- drogen’s largest triumph. India has a special chance to lead the world in the hydrogen eco- nomic system. India has the potential to gen- erate & export hydrogen at the lowest possible cost before any other nation in the world with the right guidelines, governmental backing, implementation strategy, & zeal. The bright- est minds in the world are collaborating to decarbonize the planet and slow down climate change to create a better world. Solid Oxide Electrolyzer & 100% power requirement is fulfilled by solar power) • 37KWh electricity is required to produce 1kg of H2 • 1KW solar power plant approximately produces 3-4.5KWh of energy per day (depending upon the region & its DNI) • Approximately 10KW solar power plant is required to produce 1Kg of H2 per day or 365Kg per year.