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Reliance Green Hydrogen and Green Chemicals, ACME Cleantech Solutions, and Greenko Zero are among the nine companies that have been selected as successful bidders for the Indian government’s incentives to establish facilities for producing up to 450,000 tonnes of green hydrogen. The Solar Energy Corporation of India (SECI) had invited bids on July 10 for the selection of green hydrogen producers under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. Out of the 12 companies that submitted bids, 9 were qualified for incentives to set up production facilities. Reliance Green Hydrogen and Green Chemicals Ltd will receive incentives for producing 90,000 tonnes of green hydrogen at an average rate of Rs 18.9 per kg over three years. Similarly, ACME Cleantech Solutions Private Ltd and Greenko ZeroC Private Ltd will receive incentives for producing 90,000 tonnes each at an average rate of Rs 30 per kg over three years. Other companies such as Torrent Power, HHP Two Private Ltd, Welspun New Energy, CESC Projects Ltd, UPL Ltd, and JSW Neo Energy Ltd have also been selected for incentives based on their proposed production capacities and rates. In total, these nine firms have secured incentives to establish facilities for producing 410,000 tonnes of green hydrogen. The National Green Hydrogen Mission (NGHM) was approved by the Union Cabinet in January last year with the aim of making India a global manufacturing hub for green hydrogen and its derivatives. The mission is expected to develop 5 million metric tonnes of green hydrogen annually by 2030 and promote collaborations with international efforts in the hydrogen and fuel cell sector. The ministry of ports, shipping, and waterways has identified three major ports to be developed as hydrogen hubs as part of the mission.
Reliance Industries Limited (RIL), ACME Solar Holdings, and seven other companies have been chosen by the Indian government to receive incentives for setting up green hydrogen plants. Green hydrogen, produced using renewable energy sources, is considered a clean and sustainable alternative to traditional hydrogen production methods.
The government aims to promote the adoption of green hydrogen as part of its efforts to reduce carbon emissions and combat climate change. The selected companies will receive financial support and other benefits to establish green hydrogen plants across the country.
This move is expected to accelerate the development of green hydrogen infrastructure and technology in India. It will also contribute to the country’s energy transition by promoting the use of clean energy sources and reducing dependence on fossil fuels.
The government’s support for these companies underscores its commitment to fostering a green and sustainable energy ecosystem. Encouraging the establishment of green hydrogen plants will not only help achieve environmental goals but also create new job opportunities and boost economic growth in the renewable energy sector.
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