Latest news with #FICCIGreenHydrogenSummit2025
New Indian Express
2 days ago
- Business
- New Indian Express
India set to create 6 lakh jobs and global hub in Green Hydrogen Sector by 2030
While addressing the FICCI Green Hydrogen Summit 2025, the minister announced that 23 R&D projects were sanctioned, with over 100 more under evaluation. We are developing a testing facility for green hydrogen. Besides, over 100 hydrogen standards and protocols are adopted or under preparation,' said Naik. He also mentioned that five states have already implemented their green hydrogen policies, with several others actively developing similar initiatives. '15 states have notified their own hydrogen policies, creating enabling ecosystems and hydrogen hubs,' claimed Naik. Naik further explained that these states are facilitating land allocation, ensuring water availability, promoting the storage of renewable energy, and incentivizing innovation, particularly through the establishment of hydrogen hubs. The minister highlighted India's renewable energy achievements as the foundation for green hydrogen ambitions. As of June 2025, cumulative installed renewable energy capacity reached approximately 237 gigawatts, including 119 gigawatts of solar, 52 gigawatts of wind, and 49 gigawatts from large hydro. Combined with 8.78 gigawatts of nuclear power, non-fossil fuel sources now represent more than 50% of total installed power generation capacity. 'This is a matter of immense pride that we have achieved this key NDC target five years ahead of schedule,' Naik said, crediting the leadership of Prime Minister Narendra Modi. India has set a target of 500 gigawatts of non-fossil fuel-based capacity by 2030, requiring annual capacity additions of approximately 50 gigawatts. Industry leaders at the summit expressed optimism about recent developments and government support.
Time of India
2 days ago
- Business
- Time of India
‘A global hub for export': India eyes 10% share of global green hydrogen demand by 2030; 862,000 tonnes of production allocated across 19 firms
India intends to secure approximately 10% share of worldwide green hydrogen demand, projected to surpass 100 million metric tonnes by 2030, according to Shripad Naik, minister of state for power and new and renewable energy, speaking on Tuesday. Tired of too many ads? go ad free now Under the National Green Hydrogen Mission, Substantial progress has been achieved towards production goals, with 19 companies receiving allocations totalling 862,000 tonnes annually of production capacity, Naik announced at the FICCI Green Hydrogen Summit 2025, as reported by Economic Times. The administration has allocated 3,000 MW of electrolyser manufacturing capacity amongst 15 companies. "We want to make India not only a major producer but also a global hub for green hydrogen export," Naik said, describing the nation's approach to establish itself as a dependable exporter. The international green and clean hydrogen sector is advancing, driven by decreasing costs, according to industry leaders. "In one of the global tenders, green has come out cheaper than blue," said Vipul Tuli, chair of FICCI's Renewable Energy CEOs Committee and Sembcorp India. "Please understand the implications of that - it's a very significant development," he added. The EU showed robust backing for bilateral partnership in this field. Dr Ewa Suwara, Charge d'affaires of the EU delegation to India, revealed plans for strengthened collaboration following the second India-EU Green Hydrogen Forum in Rotterdam in May 2025.
Time of India
2 days ago
- Business
- Time of India
India sets eyes on 10% of global green hydrogen demand
India aims to capture nearly 10% of global green hydrogen demand that is expected to excee d 100 million metric tonnes by 2030, minister of state for power and new and renewable energy Shripad Naik said on Tuesday. Substantial progress has been made towards green hydrogen production targets with 862,000 tonnes per year of production capacity already awarded to 19 companies under the National Green Hydrogen Mission , Naik said at the FICCI Green Hydrogen Summit 2025. The government has also awarded 3,000 MW of electrolyser manufacturing capacity to 15 companies. "We want to make India not only a major producer but also a global hub for green hydrogen export,' Naik said, outlining the country's strategy to position itself as a reliable exporter. Global green and clean hydrogen market is making headway led by lowering prices, industry executives said. 'In one of the global tenders, green has come out cheaper than blue," Vipul Tuli, chair of FICCI's Renewable Energy CEOs Committee and Sembcorp India, said. "Please understand the implications of that - it's a very significant development." The EU demonstrated strong support for bilateral cooperation in the sector. Dr Ewa Suwara, Charge d'affaires of the EU delegation to India, announced plans for enhanced collaboration following the second India-EU Green Hydrogen Forum held in Rotterdam in May 2025.
Time of India
2 days ago
- Business
- Time of India
India sets eyes on 10% of global green hydrogen demand
New Delhi: India aims to capture nearly 10% of global green hydrogen demand that is expected to exceed 100 million metric tonnes by 2030, minister of state for power and new and renewable energy Shripad Naik said on Tuesday. Substantial progress has been made towards green hydrogen production targets with 862,000 tonnes per year of production capacity already awarded to 19 companies under the National Green Hydrogen Mission , Naik said at the FICCI Green Hydrogen Summit 2025. The government has also awarded 3,000 MW of electrolyser manufacturing capacity to 15 companies. "We want to make India not only a major producer but also a global hub for green hydrogen export,' Naik said, outlining the country's strategy to position itself as a reliable exporter. Global green and clean hydrogen market is making headway led by lowering prices, industry executives said. 'In one of the global tenders, green has come out cheaper than blue," Vipul Tuli, chair of FICCI's Renewable Energy CEOs Committee and Sembcorp India, said. "Please understand the implications of that - it's a very significant development." The EU demonstrated strong support for bilateral cooperation in the sector. Dr Ewa Suwara, Charge d'affaires of the EU delegation to India, announced plans for enhanced collaboration following the second India-EU Green Hydrogen Forum held in Rotterdam in May 2025. Live Events
Time of India
2 days ago
- Business
- Time of India
India awards 862,000 tpa green hydrogen capacity; eyes 10% global share by 2030
India awarded 862,000 tonnes per annum of green hydrogen production capacity to 19 companies under the National Green Hydrogen Mission so far, Union Minister of State for Power and New & Renewable Energy Shripad Naik said on Tuesday. Speaking at the FICCI Green Hydrogen Summit 2025 , Naik said that India aims to capture about 10 per cent of global green hydrogen demand, which is projected to exceed 100 million metric tonnes by 2030. 'We want to make India not only a major producer but also a global hub for green hydrogen export,' said Naik, outlining the country's strategy to build export capability. He added the government has also allocated 3,000 MW of electrolyser manufacturing capacity to 15 companies. 'This is a matter of immense pride that we have achieved this key NDC target five years ahead of schedule,' said Naik. India is targeting 500 GW of non-fossil fuel capacity by 2030, which requires annual additions of 50 GW, he added. The minister said renewable energy growth underpins the hydrogen plans. Naik said that as of June 2025, India's cumulative installed renewable energy capacity stood at 237 gigawatts, comprising 119 GW of solar, 52 GW of wind and 49 GW of large hydro. Including 8.78 GW of nuclear, non-fossil fuel sources accounted for more than 50 per cent of installed power generation capacity. 'This achievement of surpassing 50 per cent non-fossil capacity well ahead of schedule provides the base for green hydrogen expansion and strengthens India's global position,' an expert told ETEnergyWorld . Industry leaders welcomed the government's support. Rajat Seksaria, Chair, FICCI Green Hydrogen Committee and CEO at Green Hydrogen & Derivatives, Adani New Industries, cited three key achievements — PLI scheme support, the world's first green ammonia auction creating demand, and policy consistency. Vipul Tuli, Chair of FICCI's Renewable Energy CEOs Committee and Chairman, Sembcorp India, said that green hydrogen has achieved cost parity with blue hydrogen in recent global tenders. 'In one of the global tenders, green hydrogen has actually come out cheaper than blue. Please understand the implications of that — it's a very significant development,' said Tuli. He also stressed on the need for long-term commitments over short-term price gains. The European Union also signalled strong cooperation. Ewa Suwara, Chargé d'affaires of the EU Delegation to India, said both sides agreed to establish a Hydrogen Task Force following the second India-EU Green Hydrogen Forum in Rotterdam in May 2025. 'Both the EU and India are well aware of the potential of green hydrogen in tackling today's and tomorrow's energy dilemmas,' said Suwara. Naik also released the FICCI-EY Green Hydrogen Report, which highlighted demand from refining, steel, aviation and fertiliser industries as critical for building a sustainable market. The report outlined use-cases, procurement models, cost dynamics and steps to stimulate demand. Fifteen states have notified their green hydrogen policies, with others in the process of drafting frameworks. These cover land allocation, water supply, renewable power banking, and hydrogen hub development.
