What did the budget have in store for the Green Hydrogen Industry?

What did the budget have in store for the Green Hydrogen Industry?

What is the Green Hydrogen Mission?

The objective of the Green Hydrogen Mission is to make India the Global Hub for the production, usage, and export of Green Hydrogen and its derivatives. This will contribute to India’s aim to become self-reliant through clean energy. The Mission will also lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen. You can check out the entire explainer here. With the push for the adoption of this clean energy, Green Hydrogen stocks in India are likely to see significant movements in the coming months.

What is Green Hydrogen, and how is it obtained?

This technology is based on hydrogen generation — a universal, light, and highly reactive fuel — through a chemical process known as electrolysis. This method uses an electrical current to separate the hydrogen from the oxygen in the water. Basically, the electricity is obtained from renewable sources and will, therefore limit carbon dioxide emissions into the atmosphere.

Green Hydrogen Companies Stocks In India

Debraj Guha Thakurta & Nischay Avichal

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