Produced via electrolysis powered by renewables, green hydrogen offers a zero-emission energy source. Transitioning from fossil-based hydrogen could eliminate up to 830 million tonnes of CO₂ annually.
Initiatives like Sweden's H2 Green Steel and Saudi Arabia's ACWA Power's NEOM project exemplify large-scale green hydrogen applications, aiming to revolutionize industries and reduce carbon footprints.
Launched in 2023, India's mission targets 5 MMT annual production by 2030, backed by ₹19,744 crore, aiming to reduce fossil fuel imports and create over 6 lakh jobs.
Global alliances like the Green Hydrogen Catapult aim to install 45 GW of electrolyzer capacity by 2030, fostering economies of scale and robust global demand for green hydrogen.