India plans Rs 16.5k crore incentive for green hydrogen industry: Sources

India is planning a Rs 16.500 crore incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field.The Rs 18,000 crore incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official and an industry manager working in renewable energy. It would do this in part by increasing the scale of the industry, they said.Also Read: Coal is here to stay despite India’s ambitious renewable energy goalsThe current cost in India is Rs 300 to Rs 400 per kg, said the manager.The United States and the European Union have already approved incentives worth billions of dollars for green hydrogen projects.Hydrogen can be used as a fuel. It is made by splitting water with an electrical process, electrolysis. If the devices that do that,…

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