7 Feb 2024
Govt Charts Policy Path for Integrating Clean Energy & Hydrogen Storage
Key Takeaways:
Meeting Round-the-Clock Demand: Green hydrogen emerges as a key player in ensuring consistent renewable energy supply.
Collaboration & Brainstorming: Key stakeholders gather to explore storage solutions and discuss policy support.
Contract for Difference Model: Eyed to bridge price gap and incentivize green hydrogen integration.
Global Aspirations: PM Modi reiterates India's aim to become a green hydrogen hub and attract investments.
Investing in the Future: Rs 11 trillion budget allocation emphasizes energy infrastructure development.
India is taking a big step towards a greener future! The Ministry of New and Renewable Energy (MNRE) is working on strategic plans to utilize green hydrogen for storing renewable energy and ensuring round-the-clock electricity supply.
The Brainstorming Begins:
Minister R K Singh leads a high-level meeting with key representatives to discuss integrating green hydrogen with solar and wind power.
Exploring storage solutions and designing effective policy mechanisms are top priorities.
The Contract for Difference model is being considered to bridge the price gap and encourage green hydrogen adoption.
Prime Minister Modi Sets the Vision:
At India Energy Week 2024, PM Modi underlines the importance of the National Green Hydrogen Mission and envisions India as a global leader in hydrogen production and export.
He emphasizes the potentials of India's green energy sector to attract investment and drive industrial growth.
With a massive Rs 11 trillion budget allocation for infrastructure development, the energy sector stands to gain significantly.
India's ambitious plans to leverage green hydrogen for renewable energy storage demonstrate a strong commitment to sustainability and energy security. With global aspirations and strategic investments, India is poised to play a key role in shaping the future of clean energy.