June
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Govt approves Rs 200-cr fund for green hydrogen valley projects in four states

[Source - The Economic Times , 03 June 2024]
Author
Apoorv Minocha

Notable because

The National Green Hydrogen Mission aims to position India as a global leader in green hydrogen production and exports. Hydrogen Valley projects serve as key pathways for the widespread adoption of green hydrogen. The allocation of INR 200 crore to four projects across four states that will utilise electrolysers and biomass methods for hydrogen production. These projects have versatile applications across multiple sectors, such as mobility (marine and roadways), steel manufacturing, and ammonia production.

What to look out for in the months ahead

Even though the funding is for 5 years, what are the expected timelines for completing key milestones in these projects? How will implementing the Hydrogen Valley affect local economies and create job opportunities in the upcoming months?