Green Hydrogen: India Towards Cleaner Future

For a country like India, the need for energy security is a major driver. The demand for clean fuel, hydrogen instead of lithium technology is rising dramatically.

Some of the key drivers are technology improvements, the availability of renewable technology at a much cheaper level and majorly the overall global focus on finding ways for the road ahead.

“The cost of technology has significantly come down as the key component used in hydrogen is electrolyzer or polymer electrolyte membrane (PEM) is has dropped. These enablers have clearly impacted the discussion on hydrogen,” Peak Ventures’ Shah emphasises.

According to recent data, Hydrogen is expected to be 12% of net energy in the years ahead. This will more prominently impact the steel sector to reduce the carbon footprint as steel as a sector consumes 8th per cent of the net energy. In conclusion, “Hydrogen has the potential to be the clean energy source globally,” Shah adds.

These views were being presented by Samir Shah, Managing Partner, Peak Ventures in a keynote address at the recently concluded BW Businessworld’s summit on sustainability.

You can watch the complete panel here:

https://youtu.be/rCQq-QiJayE