The state government of Uttar Pradesh has received investment proposals amounting to close to INR 1.15 lakh crore from 17 different entities for producing green hydrogen/green ammonia.
Uttar Pradesh Green Hydrogen Production Goal: The state of Uttar Pradesh targets 1 million metric tonnes per annum (mmtpa) of green hydrogen/green ammonia production by 2029.
Investment Proposals: The state has received investment proposals worth INR 1.15 lakh crore (over $13.7 billion) from 17 entities, generating around 20,000 jobs.
Key Players in Green Hydrogen Projects:
Trafalgar Square Capital (UK) will set up a 10,000-tonne-per-annum green hydrogen facility near Lucknow.
Welspun Group (India) plans to invest INR 40,000 crore in a green hydrogen/ammonia plant in Bulandshahr.
Hygenco Green Energies (India) aims to invest INR 16,000 crore in a 0.2 million-tonne green hydrogen facility in Prayagraj.
State Policy for Green Hydrogen: The Uttar Pradesh government has introduced the ‘Uttar Pradesh Green Hydrogen Policy 2024,’ offering incentives to promote production, market creation, and demand for green hydrogen.
Focus Sectors: The initial focus will be on nitrogenous fertilizers and refinery industries, with plans to extend into other sectors in line with the National Green Hydrogen Mission.
Rajasthan JV for Green Hydrogen: NTPC Green Energy Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Ltd have signed a joint venture to develop 25 GW of renewable energy and 1 mmtpa of green hydrogen projects in Rajasthan.
Ballard Power Systems Restructuring: Due to slowed hydrogen infrastructure development, Ballard Power Systems is restructuring to cut spending and reduce workforce, aiming for 30% in annualized savings by 2025.
Forvia and Hyvia Collaboration: Forvia will supply hydrogen storage systems for the Renault Master H2-Tech van, with up to 11,000 hydrogen tanks delivered for mobility applications in 2023.
California's Hydrogen-Powered Train: North America’s first zero-emission, hydrogen-powered passenger train, "Zemu," will begin service in California by the end of 2024.
EU Support for South Africa: The European Union will provide $35.6 million to support South Africa’s green hydrogen value chains and green industrialization efforts.
Scottish Government Funding for Green Hydrogen: Scotland will offer up to GBP 7 million to support green hydrogen projects with capacities between 5 MW and 400 MW, with a deadline of Sept. 27 for applications.
H-Tec Systems’ Electrolyzer in Spain: H-Tec Systems will supply a 1 MW PEM electrolyzer for a green hydrogen project aimed at decarbonizing mobility on the Spanish island of Fuerteventura.