Government is developing plans to increase green hydrogen for 24-hour use. Regards

business-standard.com India 09-02-2024 Share

The Ministry of New and Renewable Energy (MNRE) is creating plans to incorporate green hydrogen into the energy mix in order to support a continuous supply of electricity, with the goal of encouraging the use of renewable energy sources, in particular green hydrogen.
A discussion on the use of green hydrogen in conjunction with other renewable energy sources, like solar and wind power, was presided over by Union Minister for Power and New and Renewable Energy, R K Singh, on Tuesday in New Delhi. Participants in the event included representatives from important departments, such as the Ministry of Power, NTPC, Central Electricity Commission, and Solar Energy Corporation of India.
The main topic of discussion was looking into different ways to use green hydrogen as a storage medium to meet peak demand times and continuous power needs. Furthermore, policy measures that intend to furnish governmental backing for those projects were deliberated. One of the suggested tools for policy is the Contract for Difference (CfD) approach, which aims to close the difference between market pricing and a mutually agreed-upon "strike price."

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