Union Minister of India Anurag Thakur on Wednesday approved a pilot outlay of 190 billion for the National Green Hydrogen project of India. Out of these INR 19,744 crores, INR 17,000 crore will be used for the electrolyzers and manufacturing of green hydrogen. While the remaining amount will be used for the development of green hydrogen hubs. Let’s understand this announcement from a layman’s point of view
What is Green Hydrogen and when did it first air?
Green hydrogen is a type of hydrogen that is produced using renewable energy sources, such as solar or wind power, to generate electricity that is used to split water into hydrogen and oxygen through a process called electrolysis. It is considered a clean and sustainable alternative to hydrogen produced from fossil fuels, which generates greenhouse gases when it is produced.
Future plans for Green Hydrogen
Anurag Thakur said apart from the development and manufacturing function they will undertake the development of infrastructure, shipping, and transportation activities. They will also invest in the research and development of green hydrogen with the aid of dedicated experts in the field. In his announcement, he mentioned “To encourage manufacturing of low-cost equipment and technologies, two types of incentives will be given — incentives will be given on electrolyzer manufacturing for five years and incentive on the production of green hydrogen. Green hydrogen hubs will also be developed.”
Read more : https://e-vehicleinfo.com/indian-government-approves-a-190-billion-green-hydrogen-project/
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