India needs $15 bn funding to set up 15 GW green hydrogen electrolyser capacity by 2030

India will require an estimated $15 billion in public and private funding to set up 15 gigawatt (GW) of green hydrogen electrolyser capacity by 2030, according to industry body, India Hydrogen Alliance (IH2A).

This electrolyser capacity is expected to produce 3 million metric tonnes (MMT) of green hydrogen and would need 30 GW of renewable energy.

IH2A is an industry coalition of global and Indian firms committed to create a hydrogen value-chain and economy in India. These findings were presented by the industry body in the first of a six-part consultation series organised by NITI Aayog and the industry on green hydrogen demand in different sectors.

The first series identified various key challenges that need to be addressed in meeting national ambitions and has called out funding, hydrogen standards, electrolysers manufacturing, creation of carbon market and hydrogen clusters as immediate priorities for India.

The 15 GW capacity ambition is one the of three scenarios that IH2A considered for arriving at the indicative national figures. It also gave a probable break-up for setting up 15 GW capacity, consisting of three 2 GW, six 1 GW, and six to seven 400 MW to 500 MW installed electrolyser capacity at eight to nine national green hydrogen hubs or clusters.

The remaining two scenarios were to set up 25 GW and 35 GW electrolyser capacity in the next 10 years.