Subscribe to enjoy similar stories. NEW DELHI : India is well-positioned to become a leader in terms of green hydrogen output, and round-the-clock supply of renewable energy would be key to lowering the cost of its production in the country, said Sushil Purohit, chief executive of Gentari. In an interview, the CEO of the renewable energy arm of Malaysia's energy major Petronas said that the green hydrogen ecosystem is still in its initial stages and will pick up pace going ahead with immense scope for its adoption.
"If you talk about hydrogen...you need to optimize everything. When you talk about hydrogen, you need to optimize renewable energy production. You need to optimize your electrolyzers, you need to make sure that your transport and shipping is optimized.
You need to optimize everything to have the right cost, and that's where we believe 24/7 power or close to that, is going to be key for having competitive hydrogen prices," he said. Currently, the cost of green hydrogen stands at around $5 per kg, and the high cost of the molecule remains a major impediment in terms of its growth in its mass adoption across industries. The Centre has made efforts to support producers and lower the cost by providing incentives under the National Green Hydrogen Mission.
However, the growth has been slower-than-anticipated. "I think it is taking up well, I mean, if you look at any industry, whether it is solar or whether it is battery, the start has always been slower, and I think green ammonia or green hydrogen is probably, to my mind, it is moving faster than many of these technologies moved in the beginning of their journey. I mean, you look at 10 years back where the solar prices were and then the solar uptake.
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