Latest news with #CIIInternationalBusinessConclaveonGreenHydrogen
Time of India
2 days ago
- Business
- Time of India
Green hydrogen use likely to be tracked: RE Secy
The government is preparing a plan to track utilisation of green hydrogen and build global partnerships for exporting the fuel, the secretary to the new and renewable energy ministry Santosh Kumar Sarangi said on Thursday. Speaking at the CII International Business Conclave on Green Hydrogen, he said traceability of green hydrogen utilisation is very important. He also said that concessions for green hydrogen export will be part of India's deliberations in trade agreements. According to him, it is not currently possible to decipher whether steel was made using grey or green hydrogen once production is complete. "Having traceability and trackability (of green hydrogen utilisation) is important." Steel is among the sectors where a push is being made for decarbonisation across the world since it accounts for about 10% of global emissions. Sarangi said deliberations are under way with green hydrogen producers to finalise measures for identifying, tracing and tracking the final product made using green hydrogen. These efforts are in line with National Green Hydrogen Mission launched in January 2023, with a ₹19,744 crore outlay. The overarching objective of the mission is to make India a global hub for production, usage and export of green hydrogen and its derivatives, by targeting 5 million tonnes production per annum by 2030.
Time of India
2 days ago
- Business
- Time of India
Need to track green hydrogen utilisation: MNRE secretary
India is preparing a plan to track utilisation of green hydrogen and build global partnerships for export ing the fuel, Secretary Ministry of New and Renewable Energy Santosh Kumar Sarangi said Thursday. Speaking at the CII International Business Conclave on Green Hydrogen, he said traceability of green hydrogen utilisation is very important. He also said concessions for green hydrogen export will be part of India's deliberations in trade agreements. According to the secretary, one is not currently able to decipher whether steel was made using grey or green hydrogen once production is complete. 'Having traceability and trackability (of green hydrogen utilisation) is important,' Sarangi said. Steel is among the sectors where a push is being made for decarbonisation across the world since it accounts for roughly 10 per cent of global emissions. Sarangi said deliberations are underway with green hydrogen producers to finalise measures for identifying, tracing, and tracking the final product, which is made using green hydrogen. These efforts are in line with India's National Green Hydrogen Mission launched in January 2023, with Rs 19,744 crore outlay. The overarching objective of the mission is to make India a global hub for production, usage, and export of green hydrogen and its derivatives, by targeting 5 million tonnes production per annum by 2030. The secretary said the government is working towards collaborating with stakeholders in these aspects. 'We are in discussions with Europe, the Port of Rotterdam, and Port of Antwerp to ensure that Green Hydrogen exported to these countries has the right transmission lines,' he said. Responding to queries at the sidelines, Sarangi said green hydrogen exports and favourable terms for domestic producers will be part of India - European Union Free Trade Agreement negotiations. Wind speed forecasts in question Speaking to ET on the sidelines of the event, Sumant Sinha, Chairman and CEO, ReNew said wind forecasts are not as reliable, affecting project output. Sinha heads the CII National Council on Energy Transition & Hydrogen. He was responding to a query on the status of round-the-clock ( RTC ) renewable energy projects in the country and the reforms needed. 'The wind speeds are a lot lower than had been forecast earlier, leading to under generation from a lot of the wind projects,' Sinha said. RTC projects generally use a mix of solar, wind, and battery storage to ensure continuous supply of clean energy. According to Sinha, wind forecasts are not turning out to be accurate, leading to wind turbine-based generation projects underperforming. ReNew has India's largest wind portfolio of 4.7 GW, representing 10.5 percent of India's total wind energy capacity. 'Now because we have history and because we have all these wind turbines installed all across the country, we are able to see that and so we are making adjustments for future generation forecasts,' he said.
Time of India
2 days ago
- Business
- Time of India
Need to track green hydrogen utilisation: MNRE secretary
India is preparing a plan to track utilisation of green hydrogen and build global partnerships for export ing the fuel, Secretary Ministry of New and Renewable Energy Santosh Kumar Sarangi said Thursday. Speaking at the CII International Business Conclave on Green Hydrogen, he said traceability of green hydrogen utilisation is very important. He also said concessions for green hydrogen export will be part of India's deliberations in trade agreements. According to the secretary, one is not currently able to decipher whether steel was made using grey or green hydrogen once production is complete. 'Having traceability and trackability (of green hydrogen utilisation) is important,' Sarangi said. Steel is among the sectors where a push is being made for decarbonisation across the world since it accounts for roughly 10 per cent of global emissions. Sarangi said deliberations are underway with green hydrogen producers to finalise measures for identifying, tracing, and tracking the final product, which is made using green hydrogen. These efforts are in line with India's National Green Hydrogen Mission launched in January 2023, with Rs 19,744 crore outlay. The overarching objective of the mission is to make India a global hub for production, usage, and export of green hydrogen and its derivatives, by targeting 5 million tonnes production per annum by 2030. The secretary said the government is working towards collaborating with stakeholders in these aspects. 'We are in discussions with Europe, the Port of Rotterdam, and Port of Antwerp to ensure that Green Hydrogen exported to these countries has the right transmission lines,' he said. Responding to queries at the sidelines, Sarangi said green hydrogen exports and favourable terms for domestic producers will be part of India - European Union Free Trade Agreement negotiations. Wind speed forecasts in question Speaking to ET on the sidelines of the event, Sumant Sinha, Chairman and CEO, ReNew said wind forecasts are not as reliable, affecting project output. Sinha heads the CII National Council on Energy Transition & Hydrogen. He was responding to a query on the status of round-the-clock ( RTC ) renewable energy projects in the country and the reforms needed. 'The wind speeds are a lot lower than had been forecast earlier, leading to under generation from a lot of the wind projects,' Sinha said. RTC projects generally use a mix of solar, wind, and battery storage to ensure continuous supply of clean energy. According to Sinha, wind forecasts are not turning out to be accurate, leading to wind turbine-based generation projects underperforming. ReNew has India's largest wind portfolio of 4.7 GW, representing 10.5 percent of India's total wind energy capacity. 'Now because we have history and because we have all these wind turbines installed all across the country, we are able to see that and so we are making adjustments for future generation forecasts,' he said.
Time of India
2 days ago
- Business
- Time of India
Blending green hydrogen in refining, fertilisers can unlock 3 MMT demand by 2030: Report
New Delhi: Blending green hydrogen into existing hydrogen consumption in sectors like oil refining and fertiliser production can generate up to 3 million metric tonnes (MMT) of demand by 2030, a new report released by the Confederation of Indian Industry (CII), Bain & Company, and Rocky Mountain Institute (RMI) said on Thursday. The report, From Promise to Purchase: Unlocking India's Green Hydrogen Demand, was launched at the CII International Business Conclave on Green Hydrogen in New Delhi. It outlines strategies to scale demand-side uptake of green hydrogen and meet India's national target of producing 5 MMT annually by the end of the decade. Blending 40 per cent green hydrogen in refining operations could alone unlock up to 2 MMT of demand by 2030, while a 20 per cent blend in the fertiliser sector could add another 0.9 MMT. In piped natural gas (PNG), blending 10 per cent green hydrogen could support 0.1 MMT of demand. 'India's green hydrogen journey is a strategic shift toward energy independence and global competitiveness. The report highlights strategies to transition to green hydrogen which could create a demand of 5 MMT by 2030,' said Sumant Sinha, Chairman, CII Energy Transition and Hydrogen Council, and Chairman and CEO, ReNew. The report also identifies public procurement and export-oriented growth as key additional levers. Mandating 10–15 per cent green steel in public infrastructure could unlock 0.4–0.6 MMT, while exports of green hydrogen and green steel may add 0.8–1.3 MMT to demand. According to Bain & Company's Oil and Gas practice leader Sachin Kotak, while supply momentum is strong, 'demand-side interventions will be essential to translating this ambition into reality.' In niche sectors like chemicals, glass, and ceramics, green hydrogen substitution could reach 0.07 MMT by 2030 with a 20 per cent shift from grey hydrogen. Smaller companies in these sectors already face high procurement costs for grey hydrogen, making green hydrogen a cost-neutral option. Vineet Mittal, Co-chairman of the CII Energy Transition and Hydrogen Council and CMD, Avaada, said the report 'highlights sector-specific and demand-side opportunities' and points to critical catalysts such as low-cost financing and offtake security. The report notes that India could generate export demand of 0.8–1.1 MMT of green hydrogen by capturing 5–7.5 per cent of global import demand. Green steel exports to the EU, driven by the Carbon Border Adjustment Mechanism, could add another 0.13–0.18 MMT. 'Purchase obligations for fertiliser and refining, calibrated to rise with falling costs, can anchor additional volumes,' said Jagabanta Ningthoujam, Principal, RMI. India currently exports 3.3 MT of steel to the EU, which is expected to rise to 4.5 MT by 2030. If 50–70 per cent of this transitions to green steel, it could significantly contribute to the green hydrogen uptake, the report said. The report calls for long-term offtake agreements, blended finance, carbon pricing frameworks, hydrogen hubs, and international certification to enable full-scale adoption and project viability.
