Green hydrogen costs in India to drop by 40%
India is slashing the cost of making green hydrogen by up to 40%, thanks to government incentives. Soon, prices could drop to around ₹260-310 per kg (about $3-3.75). This move is part of the National Green Hydrogen Mission, which kicked off last year with a big goal: produce five million tons annually by 2030.
How costs are coming down
Cheaper renewable electricity, no inter-state transmission charges, and a reduced GST rate (just 5%) are all helping bring costs down. Plus, manufacturers of electrolyzers—the tech behind green hydrogen—are set to see their costs fall each year from 2024 onward, boosted by government incentives.
India's clean energy future looks promising
Industries like agriculture, transport, and manufacturing could all benefit from lower green hydrogen prices. Experts say there's still work ahead for long-term success, but with refinements needed to attract private investment, India's clean energy future looks promising.