- The summit aims to address the challenges facing Green Hydrogen in terms of technology, efficiency, financial viability and scaling up of the technology.
- During the meeting, India called for common international standards for green hydrogen to ensure safe transportation and storage of the new age emission-free fuel.
- The keynote speakers from BRICS virtual summit were, Ms. Agnes M da Costa (Ministry of Mines & Energy, Brazil), Mr. Kovalev Andrey (Russian Energy Agency, Russia), Dr. Prakash Chandra Maithani, (Scientist G, MNRE, Government of India), Ms. Fu Tianyi (National Energy Administration of China), Mr. Makgabo H Tsiri ( International Relations, National Department of Energy, South Africa).
i.On Day 1, representatives from each country shared the initiatives taken by their countries on use of hydrogen and their future plans. They also discussed the relevance of different technologies developed on hydrogen.
ii.On Day 2, panel discussions on ideas integrating hydrogen in the overall energy policy framework by different countries were discussed.
- They also discussed the financing options needed for emerging green hydrogen technologies and the institutional support needed to create the ecosystem for the technology to grow.
i.Hydrogen, when produced by electrolysis using renewable energy is known as Green Hydrogen, It has no carbon footprint. It is set to play a major role and build on the rapid increase of renewable resources across the world.
ii.Green hydrogen has innumerable applications.
- Green Chemicals like ammonia and methanol can directly be utilized in existing applications like fertilizers, mobility, power, chemicals, shipping etc.
- Green Hydrogen blending of up to 10% may be adopted in CGD (City Gas Distribution) networks to gain widespread acceptance.
- Greening of hard to decrease sectors (like steel and cement) through hydrogen is to be explored.
ii.India produces around 50 lakh tonnes of hydrogen annually. India is expected to see a green hydrogen demand of 16,000 tonne per annum by 2024 and 1 million tonnes by 2030.
- India is planning to extend the Production Linked Incentive (PLI) scheme for manufacturing electrolyzers, which are used for producing green hydrogen.
- India launched the National Hydrogen Mission (NHM) in 2021. The main aim of NHM is to develop India into a global hub for the manufacturing of hydrogen and fuel cells technologies across the value chain.
Recent Related News:
April 17, 2021 – The Inaugural Edition of Hydrogen Roundtable titled ‘The Hydrogen Economy-New Delhi Dialogue 2021’ took place virtually on 15th April, 2021. It is the 1st of its kind conference on Hydrogen Ecosystem.
About NTPC Ltd
It was formerly known as National Thermal Power Corporation Ltd
CMD – Gurdeep Singh
Headquarters – New Delhi
2021 Chair – India
2021 India’s Theme – ‘BRICS @ 15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus’