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.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Jefferies rejigs India model portfolio; Zomato, Bharti Airtel off menu
Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio
Zomato, Nykaa, Nestle, Dabur: Jefferies bets big on Gen Z boom in India
Quick commerce not just a fad, here to stay, says Jefferies report
What made GSLV Mark III's last mission special?
HDFC Bank, HDFC extend gains; advance over 3% in two trading days
Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month
ICICI Lombard slips 6% on disappointing Q3 results
Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150
Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL