The country is making plans to take advantage of one of the most plentiful elements on earth i.e. hydrogen. Indian finance minister Nirmala Sitharman made declaration about the National Hydrogen Mission while making the announcement of Budget 2021-22.
As per Chaityana Giri, a fellow of space and ocean researches with the Mumbai-based think tank Gateway House who wrote a paper on the Methane Economy, stated that the green energy source could also bring a few of the country’s major firms such as Tatas, Reliance, Mahindras, and Indian Oil together.
Chaityana Giri stated that at the moment, the main focus is on the alliance of investors like the Hydrogen Council or the European Hydrogen Coalition. He said during a media interview, “Companies like Indian Oil, the Tatas, the Mahindras, the Eicher — let them be a part of the coalition. Then speciality chemicals companies like Reliance can be also a part of it.”
There is a big need of a hydrogen coalition because neither single firm nor a business house can fulfil the mission. There is a need that the auto division, fuel businesses, and the firms dealing in speciality chemicals and advanced materials to team up.
Nations such as Germany have already proved that an alliance is an excellent approach to step forward. It aims to establish 400 hydrogen fueling stations by the year 2023. “They are using the Hydrogen Council to the best extent possible,” added Giri.
“International players will take up contracts for setting up gas infrastructure and storage devices alongside the highways. They will be crucial for dispensing infrastructure like gas fueling stations,” he said.
On being asked how India will make Hydrogen, he stated that at this time, there are two methods to gather hydrogen. One is the electrolysis of water. But, water is a limited resource.