India as a global hub of hydrogen & exporter
Capability examination & likely demand pockets globally for green hydrogen as per existing, potential & high growth pockets.
GLOBAL HYDROGEN LANDSCAPE
Underpinned by a global shift of regulators, investors and end consuming industries towards decarbonization , hydrogen (H2) is receiving unprecedented interests and investments. With the onset of calender year(CY) 2021 close to 30 nations have released their hydrogen strategy and roadmaps. More than 200 projects have been announced worldwide till March’2021 with a public funding of over USD 70 Billion. Although, the momentum exists along the entire value chain but its more skewed towards large scale industrial usage followed by transport and integrated H2 cross industry projects. It is pertinent to note that of total announced H2 projects in 2021, large scale industrial projects holds a lion share of close to 40%.Increasing focus is placed on regionally integrated hydrogen ecosystems, so-called hydrogen hubs, hydrogen clusters or “ Hydrogen Valleys”
In addition to the “top down” measures, specific projects need to create the new hydrogen market from the “bottom up”.Here , increasing focus is placed on the regionally integrated hydrogen ecosystems, so-called hydrogen hubs, hydrogen clusters or “ hydrogen valleys”. Over recent years, the Hydrogen Valley concept has emerged as a firmly established term in the European funding and collaboration landscape. Although Hydrogen Valley concepts are always adapted to cater to specific regional circumstances and the overall objectives of a project, there are common characteristics of what constitutes a Hydrogen Valley.Read Also: Why localization of electrolyzer manufacturing capacity be a steep challenge for India?
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