2/28/24, 12:47 PM India's potential as a global hydrogen electrolyzer manufacturing hub - Sustainability News | The Financial Express

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Business News / Business / Sustainability / India's Potential As A Global Hydrogen Electrolyzer Manufacturing Hub

India’s potential as a global hydrogen electrolyzer manufacturing hub

India’s ambitious plans to produce 5million metrictons (MMT) of hydrogen by 2030, allocating $2.36 billion (Rs. 197.4 billion), align
with the National Green Hydrogen Mission.
Written by Guest
December 9, 2023 15:43 IST

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Hydrogen stands as a linchpin in achieving global net-zero emissions by 2050. (Image/Reuters)

By Nolty Theriot and Rashi Seth

Hydrogen stands as a linchpin in achieving global net-zero emissions by 2050. Apropos of the upcoming COP 28,
Prime Minister Narendra Modi at the 26th session of the United Nations Framework Convention on Climate Change

https://www.financialexpress.com/business/sustainability-indias-potential-as-a-global-hydrogen-electrolyzer-manufacturing-hub-3334155/ 1/13
2/28/24, 12:47 PM India's potential as a global hydrogen electrolyzer manufacturing hub - Sustainability News | The Financial Express

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2024 2021, announced
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to achieve netBusiness
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GOVERNANCE MOBILITY zero by
ENERGY 2070.
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India’s ambitious plans to produce 5million metrictons (MMT) of hydrogen by 2030, allocating $2.36 billion (Rs. 197.4
billion), align with the National Green Hydrogen Mission. The mission espouses decarbonization and self-reliance. The
quest for dominance in electrolyzer manufacturing is pivotal for fostering India’s green hydrogen ecosystem and
moving towards a clean energy economy. The recently introduced Production Linked Incentives (PLI) under the
SIGHT program serve as a catalyst, leveraging India’s cost advantages over China in labor and cost structures. This
positions India as a potential global hub for electrolyzer manufacturing, echoing China’s dominance in solar
equipment manufacturing, where 85% of global solar cells originated in China in 2021.

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India’s cost-effective structure, coupled with the prevalent China plus one sentiment, sets the stage for its emergence
as a global electrolyzer manufacturing hub. India, as the world’s largest democracy and now the most populous
nation, shares a democratic ethos with the United States, European Union, and Australia. New Delhi is well-positioned
for global leadership in green hydrogen production and export. Collaborative efforts through the U.S-India Hydrogen
Task Force could bolster hydrogen technologies, driving down production costs and expanding its utility in the
energy portfolio.

Initiatives like the New and Emerging Renewable Energy Technologies Action Platform (RETAP) under the U.S.-India
Strategic Clean Energy Partnership (SCEP) facilitate collaboration with leading research and development (R&D)
institutions across both the U.S. and India. RETAP aims to accelerate key hydrogen technologies, potentially
establishing India as an R&D hub for electrolyzer manufacturing. To strengthen its strategic presence in global value
chains, India must further fortify its initiatives beyond current policies like the National Green Hydrogen Mission and
PLI under the SIGHT program.

Critical minerals are pivotal for electrolyzer manufacturing, yet India entirely relies on imports, while China dominates
with a global monopoly. Though exploration projects are underway in four states, namely Madhya Pradesh, Arunachal
Pradesh, Himachal Pradesh, and Kerala, ensuring a sufficient supply is imperative for manufacturing enough
electrolyzer to produce 5MT hydrogen by 2030. Joint exploration ventures with the U.S. offer a strategic solution to
secure critical minerals, crucial for electrolyzer manufacturing and achieving ambitious hydrogen goals.

https://www.financialexpress.com/business/sustainability-indias-potential-as-a-global-hydrogen-electrolyzer-manufacturing-hub-3334155/ 2/13
2/28/24, 12:47 PM India's potential as a global hydrogen electrolyzer manufacturing hub - Sustainability News | The Financial Express
ALSO
Wednesday, READ
February 28, 2024
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தமிழ்বাংলাമലയാളംગુજરાતીहिंदीमराठी ENERGYबिज़नेस Insurance
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Mission to make aviation more sustainable! IATA expects SAF production to reach 1.9 billion litres in 2024

The recently held Mineral Security Partnership Principals’ Meeting in London, aimed at building secure and
responsible
Mutual Funds globalFinancial
IPO criticalLiteracy
mineral supply chains,
Top Indices was highlighted
Performance in the
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India 2+2 Ministerial Dialogue that recently took place in New Delhi. The dialogue, a significant stride, underpins the
mutual commitment to developing secure and responsible critical mineral supply chains. Additionally, American
support for the International Energy Agency (IEA) and its efforts toward facilitating India’s IEA membership strongly
align with fostering secure energy transitions globally. This recognition within the bilateral dialogue emphasizes the
shared determination of both nations to address critical mineral scarcity and bolster sustainable energy initiatives on
a global scale.

The scalability of hydrogen-powered applications across various sectors like industry, transport, and power generation
offers transformative potential for the burgeoning Indian economy. The versatility of hydrogen enables its use in
various applications, from fueling vehicles to providing clean energy in industrial processes and power generation.
This scalability, paired with India’s intent to become a global leader in electrolyzer manufacturing, presents an
unparalleled opportunity for economic growth and technological innovation.

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India’s attractiveness for tech and overseas investments in this sector will be pivotal. More than $10 trillion of new
investments will be needed to reachIndia’sgoal of net zero by 2070. Attracting increased Foreign Direct Investment
(FDI) in this sector will require greater capacity building, enhanced investor confidence, and improved systemic
efficiencies. As technological and geopolitical developments affect global energy markets, India’s transparent and
nimble policy and regulatory responses, coordinated with stakeholders from the public, industry, and the Central and
State governments, will be crucial. These measures will position India as a significant player in the rapidly increasing

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global hydrogen economy.

In conclusion, India’s pursuit of electrolyzer manufacturing dominance and hydrogen production signifies a
transformative potential in the global energy landscape. Collaborative efforts with the U.S. not only bolster domestic
initiatives but also position India as a key player in global hydrogen markets. By fortifying policies, leveraging
technological collaborations, and addressing critical mineral scarcity, India could emerge as a frontrunner in the clean
energy revolution, contributing significantly to a sustainable future for its billion-plus population.

About the Authors

Nolty Theriot – Senior Vice President of Government Affairs, Head of Energy & Infrastructure at the US – India
Strategic Partnership Forum (USISPF)

Rashi Seth – Associate, Energy, Sustainability, and Infrastructure at the US – India Strategic Partnership Forum
(USISPF)

Disclaimer: Views expressed are personal and do not reflect the official position or policy of Financial Express
Online. Reproducing this content without permission is prohibited.
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First published on: 09-12-2023 at 15:43 IST

https://www.financialexpress.com/business/sustainability-indias-potential-as-a-global-hydrogen-electrolyzer-manufacturing-hub-3334155/ 3/13
2/28/24, 12:47 PM India's potential as a global hydrogen electrolyzer manufacturing hub - Sustainability News | The Financial Express
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