Green Hydrogen India Market Update Q3 2024 (Jul-Sept)
Summary
In Q3 2024, India made significant advancements in the green hydrogen sector, reflecting its strong commitment to green energy and its ambition to lead globally in sustainable hydrogen production. This quarter saw numerous key tenders, auctions, investments, and policy measures that have further strengthened in the segment.
- Tenders: In Q3 2024, four significant tenders were issued by various tendering authorities in India, including the Solar Energy Corporation of India (SECI), Mangalore Refinery and Petrochemicals Limited (MRPL), Bharat Petroleum Corporation Limited (BPCL), and Numaligarh Refinery Limited (NRL). These tenders mark a continuing commitment to expanding India’s green hydrogen production capabilities and developing the necessary infrastructure to support a hydrogen economy. The initiatives are part of India’s National Hydrogen Mission, which aims to establish India as a global hub for production and export.
- Auction Completed: In Q3 2024, a noteworthy auction was successfully concluded by SECI under the SIGHT scheme. SECI successfully concluded an auction under the SIGHT scheme, awarding 1,500 MW of capacity for Electrolyser Manufacturers (EMs). This initiative is aimed at establishing electrolyser manufacturing facilities across India as part of Tranche-II, further bolstering the country’s infrastructure.
- Investments: Hygenco Green Energies secures $280 million funding for green ammonia project in Odisha.
- Green Hydrogen Projects Commissioned in India: Ohmium International commissioned its electrolyser factory in Doddaballapura, Bengaluru, Karnataka.
- Policy and regulations: : In this quarter, three central-level Policies/notifications/orders were issued, marking important steps in the regulatory framework supporting the sector.
These developments reflect the Indian government’s commitment to establishing a robust policy environment that encourages investment and innovation in the space. Together, these initiatives demonstrate India’s proactive approach to developing a sustainable energy landscape. The combination of new tenders, successful auctions, significant investments, and policy advancements positions India.
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