The government’s ‘Uttar Pradesh Green Hydrogen Policy 2024’ offers administrative and financial incentives to promote green hydrogen and ammonia production. The Indian BESS market, forecasted to grow at a compound annual growth rate (CAGR) of 11.41% until 2032, will play a key role in the state’s decarbonization strategy, which is part of the broader goal to reduce industrial emissions in the chemicals and fertiliser sectors.
Uttar Pradesh has set an ambitious target to generate 1 million metric tonnes of Green Hydrogen and Green Ammonia annually by 2029. The state government has already secured investment proposals worth nearly ₹1.15 lakh crore from 17 entities, with the projects expected to create around 20,000 jobs across the state.
Among the key players, UK-based Trafalgar Square Capital has committed to establishing a 10,000-tonnes-per-annum green hydrogen production facility near Lucknow. In addition, Welspun Group is set to invest ₹40,000 crore in a Green Hydrogen and Green Ammonia plant in Bulandshahr, while Hygenco Green Energies Pvt Ltd plans to set up a 0.2 million-tonne green hydrogen facility in Prayagraj with an investment of ₹16,000 crore.
Anupam Shukla, Director of the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA), said, “Our initial emphasis will be on the use of hydrogen in nitrogenous fertilizers and refinery industries in the State. Subsequently, we will also look at the application of green hydrogen in other emerging industries in line with the National Green Hydrogen Mission.”
The government’s ‘Uttar Pradesh Green Hydrogen Policy 2024’ offers administrative and financial incentives to promote green hydrogen and ammonia production. The Indian BESS market, forecasted to grow at a compound annual growth rate (CAGR) of 11.41% until 2032, will play a key role in the state’s decarbonization strategy, which is part of the broader goal to reduce industrial emissions in the chemicals and fertiliser sectors.
As part of the initiative, the state will promote the development of industrial infrastructure for green hydrogen production, aiming to meet both domestic demand and contribute to India’s net-zero goal by 2070. To facilitate investments, the government has introduced regulatory reforms and a single-window clearance facility, ensuring ease of doing business for investors in the sector.