Cutting cost of green hydrogen (GH) and making this environmentally-benign fuel commercially viable require massive investments by corporate groups, besides more incentives from the government and regulators, industry officials say. Viability and global competitiveness will be real only when the cost of GH is $2/kg or lower, meaning it has to be nearly halved from the current level.
On Thursday, the government unveiled the first phase of National Hydrogen Mission, which includes waiver of inter-state power transmission charges for 25 years for projects commissioned before June 2025. There will also be the facility where a green power producer can save surplus renewable power with discoms for up to 30 days. Viability gap funding and purchase obligations on key user industries are on the anvil, too.
