GREEN HYDROGEN CONCLAVE

(Policy, Financing, Contracting)

List of Dignitaries

1. Mr. Arne Jan Flolo, Consul -General of Royal

Norwegian Consulate-General Mumbai,

2. Mr. Achim Fabig, Consul - General of Germany,

Mumbai,

3. Dr. Yasukata Fukahari, Consul - General of Japan

4. Mr. Manish Panchal, Event Chair, GH2 Conclave,

5. Mr. Shardul Kulkarni, Knowledge Chair, GH2

Conclave,

Shri. XXX, Minister

Distinguished Dignitaries, Invitees and

Dear Friends,

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 Ladies and Gentlemen,

DE-CARBONISING TRANSPORTATION

 Transport Sector is responsible for 14% of India’s

total green-house gas emissions

 Road Transport – 90% emissions of Carbon

 India –become Third largest Auto market in World

o Registered Vehicles – 34 crores

o Growth rate of Vehicles – 9.91%

 Current Transport sector-85% dependent on fossil

fuel

 India consumes 30% of the world's fossil fuel needs

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 o Import of Petroleum products - Rs. 16 Lakh Crore

o 35 to 40% Pollution because of Petrol-Diesel

o Air pollution is the big problem in Indian Cities

 Need to discourage use of Petrol/Diesel as a fuel

 Policy is adoption of import-substitute, cost-

effective, pollution free and indigenous fuel for

transport

 Big milestone in achieving the target of Carbon

Neutral Country by 2070.

GREEN HYDROGEN– Fuel for Future

 Sustainable alternative to coal, oil & gas, with

much lesser carbon footprints

 Decentralised sustainable energy generation option

 National Green Hydrogen Mission – Rs. 20,000

crore, a firm step towards Net ZERO by 2070

 Hydrogen powered Car – Toyota ‘Mirai’ ('भविष्य’)

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 Objective is to bring cost of Hydrogen: 1 dollar per kg

by 2030

 ~7066% costs – Power Costs, remaining being capex

(~22%), opex (~8%), financing costs (~3%)

 Green power - Solar, Wind, Hydro & Biomass / mix of

it, Battery storage

 Low cost, compact size Electrolysers from Start ups

 Roof Top Green Hydrogen –Solid Waste and Liquid

Waste Management, Solar power, Electrolyser and

Generator set with Flex Engine

 Long Haul Buses, Trucks, Train, Railways, Shipping,

Aviation on Hydrogen

 Petrochemical, Fertilizers, Chemical, Cement, Steel, Mining,

Fertilizers & Heating Industries

 Indian Institute of Science, Bangalore – Hydrogen from

Bio-mass

 India - Global hub for Green Hydrogen production &

export
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 FINANCING GREEN HYDROGEN ECOSYSTEM

 Adoption of commercially viable technology

 Encouraging Public Private Partnership (PPP) project

 Supporting Research, Innovations & Startup, IITs

 Innovative financing mechanism such as Municipality

Bond, Green Bond to finance GH2 Technology Projects.

 Insurance fund, Pension fund, Sovereign funds

need to be diverted in financing Green Hydrogen sector

 Venture capital investor in project based financing

 Attracting Foreign investment in the sector, reduce the

exchange fees and hedging cost.

 Need to support and promote Domestic green bonds

market for financing GH2 projects.

 Extending PLI (Production Linked Incentive) for

electrolyser & Hydrogen Fuel cell manufacturing

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 Domestic financial institutions should bring IPOs to raise
fund from the market for financing.

 Possible Strategies to Accelerate GH2 Financing

o Five pronged strategy to accelerate GH2 financing
involve conducive policies, investment vehicles,
public-private partnerships, awareness and
innovation
o Conducive policies involves creating right
regulatory framework to monetise green
component and appropriate carbon tax provisions
o Creating investment vehicles, such as green
hydrogen funds, can help attract equity investment
and financing for GH2
o Government can partner with private sector
investors to create GH2 Bank to meet requirements
of debt financing/structured products
o Raising GH2 awareness could be established
through education and outreach initiatives
o Start-up Innovation and Incubation Centers should
be increased and supported for focus initiatives like
Sustainability and GH2
 Roadmap for GH2 @ USD 1/KG
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 o LCoH journey from present $6/KG (without
storage) to desired level of $ 1/KG by 2030 is
possible through reduction in opex (electricity) ,
capex and financing costs
o India’s GH2 pricing will be possibly driven till 2027
by input cost rationalization and carbon
economics/mandates to spur a growth in efficiency
till 2030
ELECTRIC MOBILITY

 Recently launched Mercedes EV – Made in India

 Huge demand for small Electric vehicles: Electric

two-wheelers, Electric Autos, E-rikshaws, E-carts

 Roof top Solar (Domestic charging, Bus Depo/Terminal,

Commercial complex, Sport Stadium)

 Life Cycle Cost of Lithium: $130/kilo watt hour

 Ideal Life Cycle Cost: $100/kilo watt hour

 Boosting Alternate Chemistry Research on Sodium

Ion, Zinc Ion, Aluminum Air (450 km range)

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  400+ Start-ups in EV Industry (Electric 2 wheelers)

 EVs to be affordable as petrol vehicle in 1 year

PUBLIC TRANSPORT ON ELECTRIC

 1.5 Lakh State Transport Buses

o 93% buses run on diesel, Many are old and unfit

o Objective is to convert all these 1.5 Lakh buses

onto electric

 CESL: 5,500 EV Buses (Largest EV tender)

o EV Bus: Rs.39/km (Non AC), Rs. 41/km (AC)

o Procurement of 50,000 Electric Buses

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 Launched, First Electric Double Decker Bus from

Switch Mobility under Ashok Leyland at Mumbai

o Electric Double-Decker– Rs. 56.40 per km

 Requirement of 10 lakh Electric Buses

 Development of Fast-Charging and Uniform battery

charging system for buses at Depots and Bus Ports

FLEX-FUEL VEHICLES

किसान अन्नदाता से ऊर्जादाता बने – Agricultural Growth Rate

Second generation low carbon ethanol (Bamboo, Rice

straw (parali), Cotton straw, Bagasse and Corn cob)

Recently, Launched ‘Flex Fuel Strong Hybrid Vehicle’

from Toyota (100% Bio-ethanol Use & 60% on IC

Engine and 40% on Electric)

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Russian Technology (Tested by Indian Oil): Making

average of Petrol and Ethanol equal

Bajaj, TVS, Hero: 2-Wheelers on 100% Ethanol

Autos from Bajaj on 100% Bio-ethanol are available

 Ethanol Bus from Scania

Adoption of 100% Ethanol Vehicles for E-commerce

deliveries and distribution

Decarbonizing Aviation Sector

o Sustainable Aviation Fuel (SAF) made from

Agri/Bio Feedstock : Sugary and Starchy (1G),

Biomass (2G) and Oil Crops

o Ethanol use by Brazil Air force in Jet fighters

o 80% savings on greenhouse gas emissions

o Can Blend up to 50% with conventional jet fuel

o Tested and approved by the Indian air force also

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 o India - potential to become a production and

supply hub for Sustainable Aviation Fuel

 Drone with Flex Engine : E-commerce deliveries,

Agricultural Spraying, Aerial Surveying, Project

Monitoring and in Defence field

o Kirloskar - Diesel Generator set on Ethanol

BIO-CNG/BIO-LNG

 Recently launched India’s first LNG Truck (Blue

Energy Motors, Pune)

o In a single fill, covers distance of 1,400 km

o 50% saving over Diesel run Truck

o Reduction in Logistics cost

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 Bio-CNG (Compressed Biogas (CBG)) / Bio-LNG

from Biomass

o Biomass (Parali), Sugar-mill Waste (Press-mud,

Spent wash) to Bio-CNG/CBG

o City buses on Bio-CNG, from municipal waste

o Diesel Tractor on Bio-CNG (Saving of Rs. 1 lakh

per year to farmer)

METHANOL ECONOMY

 Coal Gasification– Methanol, 15% Diesel Substitute

 Per Litre Cost : Rs. 25

 Flagged off Pilot Trials of 15% Methanol Blended

Diesel (MD15) Buses of Bangalore Transport Corp.

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 Launched 100% Methanol run Truck by Ashok Leyland

o 40% Cost saving compared to Diesel

o More than 95% reduction in vehicular pollution

 Methanol as fuel for Ships/Barges

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