Green Hydrogen India Market Update Q1 2024 (Jan-Mar)

Green Hydrogen India Market Update Q1 2024 (Jan-Mar) 


  • Tenders:  In Q1 2024, Solar Energy Corporation of India (SECI) issued a tender to develop a manufacturing capacity of 1500 MW for electrolyser under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme (Tranche-II).
  • Auction Completed: In Q1 2024, SECI concluded two auctions under the SIGHT scheme:
    • First auction concluded for Electrolyser Manufacturers (EM’s) to set up manufacturing facilities of 1500 MW for Electrolysers in India (Tranche-I, Component I).
    • Another Auction concluded for selecting GH producers with a total capacity of 4,12,000 Metric tons (MT) /annum to establish production facilities in India (Mode-1-Tranche-I, Component II) under the SIGHT Scheme.
  • Investments Announced:
    • ReNew has proposed an investment of INR 26,400 crore for a GH project with 0.22 million metric tons per annum (MMTPA) production capacity in Karnataka.
    • Acme Cleantech is establishing GH project with an investment of INR 27,000 crore with a production capacity of 1.10 MMTPA.
  • Green Energy Projects Commissioned in India:
    • L&T has commissioned its first domestically built electrolyser with a capacity of 1 MW at the GH plant in Hazira, Gujarat.
    • Jindal Stainless Steel (JSL) inaugurated its first GH plant in Hisar, Haryana.
  • Policy and regulations: In this quarter eight central-level and two state-level policy/notifications/regulations/orders were issued.

    About Us

    JMK Research & Analytics is a specialist research and consulting firm focussing on various cleantech segments in India and the Asia Pacific markets including, Renewables, E-mobility, Energy Storage (ESS) and Green Hydrogen.

    Based on our in-depth sector experience, strong industry network, we provide key insights and detailed industry information which helps clients develop successful business models and market strategies.

    Contact Us

    JMK Research and Analytics Pvt. Ltd

    212A,  Suncity Trade Tower, Sector 21, Gurugram, Haryana- 122016

    Phone: +91-7428306655

    Follow Us
    Subscribe US