NamasteGreenH2India has taken significant steps to promote green hydrogen production. Under a $ 2 billionUSD scheme, the government plans to incentivize GreenH2 fuel producers by providing at least 10% of their costs as subsidies. This initiative aims to reduce carbon dioxide emissions and position India as a major exporter in the green hydrogen sector.
1. GreenHydrogen Subsidies
Scheme: India has launched a US$ 2 billion scheme to promote green hydrogen production.
Subsidies: Producers of green hydrogen will receive at least 10% of their costs as subsidies.
Companies Involved: Fourteen companies have submitted bids for incentives under India’s GreenHydrogenMission. These companies include:
Acme Cleantech
Avaada GreenH2
Bharat Petroleum Corp
CESC
Greenko ZeroC
JSW Energy
Reliance Industries
Sembcorp Green Hydrogen
Torrent Power
2. Electrolyser Manufacturing Incentives
Companies Involved**: Twenty companies have entered bids for incentives related to electrolyser manufacturing. These companies include:
Adani Group
Acme Cleantech Solutions
Advait Infratech
Bharat Heavy Electricals
Jindal India
Larsen & Toubro
Ohmium Operations
Reliance Industries
Waaree Energies
These incentives were announced by the Solar Energy Corporation of India (SECI).
Originally published on LinkedIn on 2024-08-23 13:24:49: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7232739561636806658
