UNLOCKING green hydrogen demand at scale is critical to achieving the goal of 5 million metric tonnes production by2030, saida newjointreport by Bain & Company, CII and Rocky Mountain Institute. The report 'From Promise to Purchase: Unlocking India's Green Hydrogen Demand' was released on Thursday at CII International Business Conclave on green hydrogen. India has set a bold near-term milestone of creating 5 million metric tonnes (MMT) of green hydrogen production capacity by 2030. However, the report stated that unlocking green hydrogen demand at scaleis critical to achieving this vision.

 

The report has been done through collaboration between Bain & Company, the Confederation of Indian Industry (CII) and Rocky Mountain Institute (RMI). It lays out a potential pathway to make this vision a reality. The study stated that India can achieveits5MMT green hydrogen target throughmeasuredblending,strategic sector selection, leveraging public procurement, and aligningwith export opportunities. According to the report, demand for green hydrogen is expected to reach up to 2 million metric tonnes (MMT) from oil refining, 0.9 MMT from the fertiliser sector, and 0.1 MMT from piped natural gas by 2030.

 

Niche sectors such as chemicals, glass, and ceramics could contribute approximately 0.07 MMT, while public procurement of green steel could unlock up to 0.6 MMT of demand. Onthe export front, green hydrogen exports could generate between 0.8- 1.1MMT, and greensteel exportscould create an additional 0.1-0.2 MMT of demand for green hydrogen, it stated. The report outlines a series of demand-side initiatives to boost market uptake and help meet India's 2030 green hydrogen target. “This report is a playbook for turning ambitioninto action,” saidSumant Sinha,ChairmanCIIEnergyTransition and Hydrogen Council, and Chairman and CEO, ReNew. Vineet Mittal, Co-chairman CII Energy Transition and Hydrogen Council and chairman and Managing Director, Avaada said the report highlights sector-specific anddemand-side opportunities for green hydrogen. Key catalysts necessary to reduce risks and costs associated with the adoption of green hydrogen include optimising input costs, securing offtake agreements, and accessing lowcost funds, he said.