Green hydrogen offers a plethora of benefits across environmental, economic, and industrial dimensions:
1. Environmental benefits: A path to zero emissions
Green hydrogen completely eliminates CO₂ emissions associated with traditional hydrogen production, offering a clean slate for industries. Imagine slashing 6 billion tonnes of global CO₂ emissions annually by 2050[i]—that’s the promise of green hydrogen, according to the Hydrogen Council. It also reduces air pollution, contributing to cleaner cities and healthier communities.
2. Economic benefits: Powering national prosperity
Green hydrogen is a ticket to energy independence. By leveraging domestic renewable energy resources, nations can reduce reliance on imported fuels. India's National Green Hydrogen Mission aims to produce 5 million metric tonnes of green hydrogen annually by 2030, which is projected to reduce fossil fuel imports by approximately ₹1 trillion (about $12 billion) each year. Additionally, the mission is expected to create millions of jobs, attract substantial investments, and decrease dependence on fossil fuel imports.
3. Industrial benefits: Decarbonizing hard-hitters
From steel to cement to chemicals, green hydrogen is rewriting the rulebook for industries that are otherwise difficult to decarbonize. These efforts are not just reducing emissions but are also setting a benchmark for sustainable practices across energy-intensive industries.
4. Energy storage and grid stability
Green hydrogen acts as a bridge between renewable energy generation and consumption. By storing excess renewable energy in the form of hydrogen, it ensures grid stability and availability even during periods of low solar or wind output. This enhances energy reliability while maximizing renewable resource utilization.
5. Fueling the future of transportation
Beyond cars, green hydrogen is shaping the future of aviation, shipping, and long-haul trucking. Hydrogen-powered planes and ships are on the horizon, reducing emissions in sectors that contribute significantly to global pollution.
6. Driving innovation and r&d
The rise of green hydrogen is spurring innovation in electrolyzer technologies, hydrogen storage solutions, and fuel cell advancements. This wave of innovation is not only reducing costs but also unlocking new applications for hydrogen across diverse sectors.
7. Boosting global competitiveness
Countries leading the green hydrogen revolution stand to gain a competitive edge in the global energy market. For India, this means becoming a preferred partner for hydrogen exports and attracting investments from international green energy stakeholders.
8. Localized energy ecosystems
Hydrogen valleys—self-sufficient ecosystems where hydrogen is produced, stored, and utilized locally—promise to revolutionize energy systems. These hubs will integrate renewable energy seamlessly into urban and rural areas, powering industries, homes, and transportation networks.