Delivering keynote address at the ‘International Climate Summit 2021: Powering India’s Hydrogen Eco System’ Union Minister of State (I/C) Science & Technology; Minister of State (I/C) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that India has the potential to become global hub of Green Hydrogen in near future.

Singh said, with the rapid introduction of biofuels, renewable energy, and green Hydrogen, India is well poised to take a leadership role towards carbon neutrality.

He informed that the government is already encouraging adaptation of Hydrogen fuels and technology for the mobility sector and many industries like steel, cement, and glass manufacturing Industries have already started using Hydrogen for heating requirements. 

Singh further said, "India has set a target of renewable energy at 450 GW and is well on the path of achieving it. He said, due to the lowest cost of renewable energy, India definitely stands at a better footing to produce Hydrogen at the lowest cost compared to the other countries and therefore, India is poised for a Hydrogen Export hub."

The Minister said, by 2030, global annual export potential for green hydrogen is expected to be 10.4 million tons to East Asia and EU, amounting to nearly US $20 billion. He said, government is ready to provide support to all the stakeholders to realize this goal.

Singh said, keeping in line with the Prime Minister’s emphasis on Green Hydrogen, an aspirational goal for the country is “Hydrogen 212”. He explained the meaning of Hydrogen 212 as Green hydrogen generation cost less than US $2/Kg, Green hydrogen storage + distribution + refueling cost of less than US $1/Kg and Replacement of incumbent end-use technology with green hydrogen technology with RoI of less than 2 years.

In his address, Sanjay Gupta, President, PHD Chamber of Commerce and Industry said that enabling a regulatory framework will give a boost to the Make in India initiative in developing India’s Hydrogen ecosystem.

Dr. J. P. Gupta, Summit Chair and Chairman, Environment Committee, PHDCCI said in his address that India is uniquely placed to produce hydrogen not only for its own needs, but it could well become a global export hub.