In India’s southern Karnataka state, renewable energy firm ACME Group plans to invest $6.70 billion over the next five years to build a green hydrogen and ammonia plant.
By 2030, India plans to produce five million tonnes of green hydrogen per year in order to meet its climate goals and become a production and export center for the fuel.
It will be able to produce 1.2 million tonnes of hydrogen and ammonia a year at the new plant, which will create about 2,000 jobs. It will be powered by solar panels as well.
The environmental credentials of green hydrogen, which is produced using renewable energy, are among the best of all cleaner-burning fuels. With wind or solar power, hydrogen and oxygen are created by separating water into hydrogen and oxygen.
Indian businessmen Mukesh Ambani and Gautam Adani have announced plans to produce green hydrogen on a commercial scale.
In spite of having a population more than three times the size of the EU, India has one of the world’s fastest rates of energy demand growth, despite having significantly lower per capita energy consumption.