TERI report draws bright future for green hydrogen in India

In India, the cost of green hydrogen is expected to drop by 50% by 2030 and it can start competing with fossil fuels in certain industrial applications by 2030, if there is enough government support, The Energy and Resources Institute (TERI) based in New Delhi says.

In a report, launched in mid-December, TERI projects a five-fold increase in demand for hydrogen in the country by 2050. Roughly 1,000 TWh of renewable power could be needed to produce the amount India would need by this year.

“The costs of making green hydrogen from electrolysis are falling fast, with USD 2 per kg production costs likely to be achieved before 2030. So, it is essential to identify what role hydrogen could play in India, and how Indian industry can seize the economic opportunities arising,” said Lord Adair Turner, Co-Chair of TERI's Energy Transitions Commission (ETC).

The report lists three main areas in which green hydrogen can support decarbonisation in India. These are heavy-duty, long-distance transportation, where electric vehicles would not be competitive, industry, and seasonal storage of wind and solar energy.

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