India to bring its hydrogen policy today; what it is, positives and negatives, who benefits? Full story
The government will bring the Hydrogen Policy today. Union Minister for Power RK Singh will be presenting the first part of the Hydrogen Policy. Under the policy, government will give incentives for production, storage and transmission
by Ashish Chaturvedi
The government will bring the Hydrogen Policy today. Union Minister for Power RK Singh will be presenting the first part of the Hydrogen Policy. Under the policy, government will give incentives for production, storage and transmission.
On setting up plants before 2025, the government will provide 30 day free storage and transmission facility.
See Zee Business Live TV Streaming Below:
In the next part of the policy the focus will be on providing Viability Gap Funding or VGF.
Hydrogen fel will be brought under the Rnewable Purchase Obligation.
What is Hydrogen Energy?
Hydrogen is obtained after separating hydrogen and oxygen from water.
Hydrogen can also be manufactured by coal gassification and from methanol.
Electolyser is used to extract hydrogen.
Green hydrogen is formed as a result of electrolysis for renewable energy.
Types of hydrogen:
Green hydrogen formed from renewable energy sources
Blue hydrogen formed from natura gas
Grey hydrogen – obtained from natural gas; CO2 emission, higher than bly hydrogen
Poistives
Better than gasoline and fossil fuels by at least three times
No carbon emission from hydrogen
More energy efficient than petrol and diesel.
It can be used as an automobile and rocket fuel
Negatives
It is an expensive fuel with the current price around USD 5-6/kg
Transportation and storage cost is higher than other fuels.
Companies to watch out for
Reliance Industries – The company will make electrolyser for manufacturing green hydrogen.
GAIL – It is doing hydrogen blending in natural gas. The company plans to set up India’s largest green hydrogen plant.
NTPC – a Pilot project has been started in Vindhyachal’s unit. Per unit production cost is USD 2.8-3/kg according to company.
IOC – Green hydrogen manufacturing at Mathura Refinery
L&T- Plant at Hazira complex. Plans of electrolyser manufacturing.
Watch Zee Business Tweet Video Below:
क्या है #GreenHydrogenPolicy?
ग्रीन हाइड्रोजन पॉलिसी से किसे फायदा?
क्यों सरकार का ग्रीन हाइड्रोजन पॉलिसी पर फोकस?#GreenHydrogen पर ऐसी रिसर्च कहीं और नहीं..
ग्रीन हाइड्रोजन की ABCD सिर्फ #ZeeBusiness पर@AshishZBiz | @AnilSinghvi_ pic.twitter.com/xpZTTqOaC6
— Zee Business (@ZeeBusiness) February 17, 2022
Other Companies
LINDE INDIA
Parent company has experince in hydrogen manufacturing. Currently Linde PLC is producing hydrogen in many countries.
GUJARAT FLUORO
It is doing research on hydrogen cell technology. Fluoro polymers are used for energy storage.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
11:08 AM IST