IEW 2026: India’s green hydrogen push hits execution mode as costs fall & global demand takes shape
By: ICN Bureau
Last updated : January 31, 2026 7:58 pm
Prices for green hydrogen and green ammonia are steadily converging with conventional fuels
India’s green hydrogen push is rapidly shifting from policy ambition to on-ground execution, underpinned by falling costs, firm demand signals and deeper integration across energy and industrial sectors, senior government and industry leaders said at India Energy Week 2026.
Addressing the Leadership Spotlight Session on day three of the event, Abhay Bakre, Mission Director of the National Green Hydrogen Mission, said the country’s target of producing 5 million tonnes of green hydrogen by 2030 is gaining momentum as competitive price discovery enables projects to move toward final investment decisions.
Speaking on the Resilience Stage during the session Scaling Green Ammonia: Value Chain Synergies and the Hydrogen Ecosystem, Bakre highlighted the near-term window as critical for market take-off.
“These three years—2025, 2026 and 2027—are very important for the ecosystem to actually act as a launchpad”, he said. He noted that prices for green hydrogen and green ammonia are steadily converging with conventional fuels, a key inflection point for large-scale domestic use and export-led growth.
Industry leaders echoed the optimism, pointing to technology readiness and growing commercial confidence.
Gary Godwin, Vice President, Sustainable Technology Solutions and Global Lead, Critical Minerals at KBR, said green ammonia technologies have reached commercial maturity and can now be deployed at global scale. He added that the focus must shift to strengthening supply chains and securing long-term offtake agreements to accelerate adoption across power generation, shipping and heavy industry.
On market fundamentals, R K Malhotra, President of the Hydrogen Association of India, said India’s low-cost renewable energy and expanding electrolyser manufacturing ecosystem are laying a strong foundation for scaling green hydrogen and ammonia production.
From an international policy perspective, Han Feenstra, Senior Policy Advisor at the Ministry of Economic Affairs and Climate Policy, Kingdom of the Netherlands, said European hydrogen markets are increasingly being shaped by demand mandates and structured import mechanisms.
He added that this transition is creating long-term opportunities for dependable suppliers such as India, citing the country’s cost competitiveness and policy clarity as factors that position it as a key partner in Europe’s decarbonisation journey.