Uttar Pradesh has attracted private investment proposals amounting to nearly ₹1.15 lakh crore in the green hydrogen sector, enhancing the state’s clean energy strategy, reported Business Standard.
The green hydrogen initiatives from 17 companies are expected to create approximately 20,000 jobs. Among the key contributors, UK-based Trafalgar Square Capital plans to set up a 10,000-ton-per-year green hydrogen production facility near Lucknow.
Textile giant Welspun Group intends to invest Rs 40,000 crore in a green hydrogen/ ammonia plant in Bulandshahr, while Hygenco Green Energies has proposed a 0.2 million-tonne green hydrogen facility in Prayagraj, with an investment of Rs 16,000 crore.
The Yogi Adityanath government aims to achieve a production target of 1 million tonnes per year for green hydrogen or green ammonia by 2029.
Anupam Shukla, director of the UP New & Renewable Energy Development Agency, stated that as the world confronts climate change and seeks sustainable energy solutions, green hydrogen has emerged as a promising option.
Green hydrogen and ammonia are produced through the electrolysis of water using renewable energy or stored renewable energy.
Under the UP Green Hydrogen Policy 2024, the state has introduced both administrative and financial incentives to encourage green hydrogen or ammonia production while facilitating market creation and demand aggregation.
“Our initial focus will be on utilizing hydrogen in nitrogenous fertilizers and refinery industries, with plans to expand its application to other sectors in alignment with the National Green Hydrogen Mission,” Shukla added.
The state aims to lower the cost of green hydrogen production by promoting research and innovation in relevant technologies. Additionally, Uttar Pradesh has implemented a single-window clearance system to streamline the establishment of new green hydrogen or ammonia projects, as well as to support existing units. The state is also working to create a database of available land and water resources to assist power transmission systems and aid potential investors.
India’s extensive renewable energy resources, particularly solar and wind, position it as an ideal location for large-scale green hydrogen production. The International Energy Agency has noted that India’s renewable energy capacity can supply the low-cost electricity essential for green hydrogen production, potentially making it one of the most economical producers globally.
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