NTPC, Reliance, Adani top green hydrogen plays to bet on, say analysts

As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries

Harshita Singh New Delhi
The world’s third-largest carbon emitter put out a roadmap in February to become a hub for the production and export of green hydrogen -- made from water and renewable electricity. (Photo: Bloomberg)

(Photo: Bloomberg)

The government’s National Green Hydrogen mission is set to provide a fillip to the renewable energy sector by making green hydrogen significantly cheaper, aiding the industry to establish global supply chains, analysts say.    
The reduced cost of the green fuel is meant to make it competitive against the widely used grey hydrogen, which is produced from fossil fuels.   
As per experts, producing grey hydrogen currently costs around Rs 160-220 per kg, much lower than green hydrogen. Though the policy push will bring the cost of the green fuel at par with that of grey hydrogen.

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First Published: Jan 19 2023 | 9:47 PM IST

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