The shortage of petroleum products and environmental concerns (increasing greenhouse gases) has forced every nation to achieve a net-zero carbon emission economy. India is also in line to achieve a net-zero economy by 2070.
So many steps are being taken by the Indian government to achieve the target such as switching to renewable sources, building more nuclear power plants for energy needs, and adopting electric vehicles in transport in upcoming years. In this, green hydrogen is also the best option to adopt to meet the future energy requirement due to its higher specific energy (MJ/Kg), abundant availability in nature, and no geography constraints, unlike fossil fuels.
But hydrogen is not found in its elemental form so it extracted other hydrogen containing compounds for example water, and methane. Based on its source hydrogen is classified as
- Black/Brown/Grey hydrogen – Hydrogen extracted from coal gasification or steam methane reformation. It is a more carbon-intensive process.
- Blue Hydrogen – Hydrogen is extracted from coal gasification or natural gas but with carbon capturing storage (CCS)
- Green Hydrogen – Hydrogen is produced from the electrolysis of water with electricity generated from renewable sources.
Hydrogen can be used as fuel (in transport & power), feedstock (in fertilizer & metallurgy industries), and as heat (in steel, paper, and cement industries)
Adoption of green hydrogen will reduce 3.6 Giga tonnes of CO2 emission by
2050 and its market value can reach up to $340 billion by 2050. So many companies (including private and public) in India are involved in the production of green hydrogen.
List Of Top 10 Green Hydrogen Producing Companies In India
#1. Adani New Industries Limited (ANIL)
It is a subsidiary company of the Adani Group. ANIL is to invest over USD 50 billion in the next 10 years in the green hydrogen production ecosystem.
Type – Private
- HQ – Ahmedabad
- Business- Production of green hydrogen, solar panels, and batteries.
- Recent Activity- Partnership with TotalEnergies (France- based company). TotalEnergies will acquire a 25% minority interest in ANIL.
#2. Reliance Industries Limited (RIL)
RIL is to invest $75 billion in green hydrogen generation, solar panels, and other renewable energy sources. RIL aims to produce green hydrogen at $1 per kg.
- Type – Private
- HQ- Mumbai, India
- Business-Telecommunication, New Energy, Petrochemicals, Retails, Textile, Refining, etc.
- Recent Activity – Partnered with Stiesdal to set up Giga-scale Green hydrogen production at Jamnagar, Gujarat.
#3. Larsen & Toubro Ltd (L & T)
It is a main infrastructure-building company aiming to be a big partner in the production of green hydrogen.
- Type – Private
- HQ – Mumbai, India
- Business – Construction, Hydrocarbon, Energy & Power, Heavy Engineering, Minerals & Mining, Defence
- Recent Activity – Commissioned a green hydrogen production plant at Hazira, producing 45 Kg of green hydrogen daily.
Planning to invest $2.5 billion in renewable space – in green hydrogen.
#4. Indian Oil Corporation (IOCL)
India’s largest petroleum product marketing company. IOCL is targeting to achieve 10 % green hydrogen production by 2030.
- Type– State
- HQ– New Delhi, India
- Business – Refining, transporting, and marketing petroleum products. And also entering into the alternative energy source.
- Recent Activity – Building its first green hydrogen production plant at Mathura Refinery.
#5. NTPC Renewable Energy Limited (NTPCREL)
It is a subsidiary of National Thermal Power Corporation (NTPC) and aims to achieve energy from renewable sources.
HQ– New Delhi, India
Business– Generation of electricity from conventional fossil fuels or from renewable sources.
Recent Activity– NTPC is to its 5 GW capacity in green hydrogen and ammonia production. NTPC tie-up with Gujarat Alkalies and Chemicals (GACL) to meet its objective for green hydrogen.
#6. Gas Authority of India Limited (GAIL)
GAIL is vowed to reduce carbon emissions and produce more renewable energy sources.
HQ – New Delhi, India
Business– Petrochemical, Natural gas, LPG transmission, Renewable Energy
Recent Activity– GAIL is building India’s largest Proton Exchange Membrane electrolyzer at Guna in Madhya Pradesh. It is estimated to produce nearly 4.3 tonnes of green hydrogen daily. It will start by November.
#7. JSW Energy
It is the second-largest subsidiary company in the JSW Group with USD 22 billion.
HQ– Mumbai, India
Business -Power generation using conventional fossil fuel and renewable energy source
Recent Activity– JSW Energy has partnered with Australian Fortescue Future Industries to increase its renewable energy share up to 85% by 2030 which is 30% currently.
#8. Oil and Natural Gas Corporation Limited (ONGC)
India’s largest crude oil and natural gas company, accounting for 71% of total domestic production. ONGC is seriously looking at renewable sources of energy.
HQ– New Delhi
Business– Petroleum production and also energy generation using renewable sources.
Recent Activity– ONGC signed MoU with M/s Greenko ZeroC Private Limited (Greenko) to produce green hydrogen and other its relative derivatives.
ONGC and its partners planning to invest USD 6.2 billion on a green hydrogen project.
#9. Bharat Petroleum Corporation Limited (BPCL)
BPCL is a leading oil and gas company in India, that aims to meet the energy needs of our country.
HQ– Mumbai, India
Business– Fuels and services, and now looking at energy generation from renewable sources.
Recent Activity– BPCL floated a tender to build a 20 MW electrolyzer plant.
Another bid for building a green hydrogen production facility of capacity 5 MW of electrolyzer on July 6 2022
Hygenco is not directly involved in green hydrogen production. Rather than developing and deploying scaled-up commercially attractive green hydrogen and green ammonia assets.
Business– Designing, optimizing, and commissioning end-to-end green hydrogen assets on Build-own-operate and Build-Own-Operate transfer basis.
Recent Activity– Hygenco has received $25 million from the Neev fund. The fund aims to deploy $300 million in green hydrogen projects in the next three years.