IH2A Proposes $2.5 Billion Boost for Green Hydrogen Mission
The India Hydrogen Alliance (IH2A) has recommended an additional $2.5 billion allocation to the National Green Hydrogen Mission (NGHM), complementing the existing $2.3 billion. The proposal seeks to address delays in project development and a lack of offtake agreements, accelerating the creation of a robust green hydrogen economy in India. IH2A’s submission to the government underscores industry concerns about high green hydrogen costs, which hinder long-term commitments from key sectors such as refineries, fertilizers, steel, chemicals, and heavy-duty transport. To overcome these challenges, the alliance has suggested demand-side incentives for industrial consumers, capital expenditure subsidies for shared hydrogen infrastructure within hydrogen hubs, and the creation of Green Hydrogen Development Corporations (GHDCs) to facilitate large-scale projects and hub development. (ET)
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