New Delhi, Sept 27: India aims to produce 5 million metric tonnes (MMT) of green hydrogen annually by 2030, according to Union Minister Hardeep Singh Puri.

The cost of green hydrogen has fallen from $3.50 to $3 per kilogram, leading to $150 billion in import savings. Public sector units plan to achieve a capacity of 1 MMT by 2030, with tender capacities increasing significantly.

India targets to capture 10% of the global hydrogen market under Prime Minister Modi’s leadership, with projects worth around 900 KTPA awarded to 19 companies.

Puri highlighted India’s position as the third-largest energy consumer, with significant recoverable crude oil and natural gas reserves, and emphasized ongoing reforms and investments in the energy sector to facilitate growth.

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