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India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts

RIL has already spent $1.4 billion to acquire technologies across the solar battery and hydrogen ecosystems

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Nikita Vashisht New Delhi
India's first Hydrogen Policy has the potential to morph India into a green hydrogen export hub from being an energy importer, believe analysts, as the policy would not only make merchant green hydrogen highly viable, but also potentially make India the cheapest producer globally.

"India is already the third-largest producer and consumer of grey hydrogen from coal, gas and petroleum products. Refineries account for 54 per cent of consumption and fertilisers largely the balance. Given India's very low renewable energy cost advantage, the cost of green hydrogen in the country is poised to fall to about one–fourth of global levels

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First Published: Feb 21 2022 | 12:38 PM IST

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