Q: What is green hydrogen?
A: Green hydrogen is produced through electrolysis, using renewable energy sources like wind or solar power to split water into hydrogen and oxygen. It's considered environmentally friendly as it emits no greenhouse gases during production or combustion.
Q: Why is green hydrogen significant?
A: Green hydrogen has the potential to replace fossil fuels in various sectors, contributing to decarbonization and reducing carbon emissions. It can be used as a clean fuel for industries, transportation, and energy storage.
Q: What is the current state of green hydrogen adoption in India?
A: Indian companies are initiating green hydrogen projects, although challenges related to demand, financial closures, and production costs are present.
Q: What are electrolyser manufacturing units?
A: Electrolyser units use electricity to split water into hydrogen and oxygen. Manufacturing efficient electrolyser units is crucial for scaling up green hydrogen production.
Q: Why are joint ventures important in the green hydrogen sector?
A: Joint ventures allow companies to combine expertise and resources, accelerating the development of green hydrogen technologies and infrastructure.
Q: How do storage solutions impact green hydrogen production?
A: Innovative storage solutions are essential to ensure a continuous supply of green hydrogen, enhancing its usability as an energy source.
Q: What are the challenges in achieving competitive green hydrogen costs?
A: Challenges include improving electrolyser efficiency, generating demand, securing project financing, and lowering production costs to make green hydrogen economically viable.
Q: Why is demand generation crucial for green hydrogen projects?
A: Creating demand for green hydrogen is essential for sustaining the growth of the sector, as production can be optimized when there is a reliable market.
Q: What role does technological innovation play in the green hydrogen sector?
A: Technological advancements, particularly in electrolysis and storage, are pivotal for reducing production costs, improving efficiency, and making green hydrogen accessible.
Q: What are the long-term goals for green hydrogen in India?
A: Companies aim to establish large-scale manufacturing facilities for electrolysers, contribute to reducing carbon emissions, and make green hydrogen a mainstream energy source.
