Opportunities for green hydrogen in India

Namaste; aap sab ka sawaget. Hello to all of you!?It will be a great pleasure to welcome all of you who will attend the International Climate Summit 2022. One day to go!

A 52 member business delegation from India?will be participating physically in ICS 2022.? This is a larger delegation than Norway had during President Pranab Muherjes state visit in 2014.

Greenstat, Arena H2Cluster, Det Moderne India and the Norwegian Hydrogen Forum will represent the Norwegian partnership, together with the Indian side represented by PHD Chamber of Commerce and Industry and Invest India.

Minister of Trade and Industry Jan Christian Vestre, Minister of Environment Espen Barth Eide and Minister Nitin Gadkari will join. More than several thousands of people have already signed up, have you? Register at?https://lnkd.in/dmi2RHhh

Do take a look at a few of the parallel sessions:

The cost of renewable energy has dropped dramatically in the past years and continues to do so. In many parts of the world, the costs of wind and solar are already out-competing fossil. This is crucial because the main cost factor of hydrogen is the energy input.

The development we’re seeing in green hydrogen today is very similar to what we saw in the solar industry a decade ago. We’re witnessing a fast-growing, global industry with costs that are dropping even faster than predicted just a year or so ago. The need for an energy transition is obvious. And green hydrogen is key to undertaking that energy transition. Hydrogen will make renewables relevant in a wider way; there are certain industries that are impossible to decarbonize without the use of hydrogen.?

From the hydrogen usage perspective, there is an understanding now that a pure battery electric vehicle is not an optimal solution to solve all needs in the market. We now have impressive technology to match the huge potential in hydrogen, and with the appetite of industry, investors, and the public alike, we have a combination that makes a business case.

Looking forward, hydrogen is becoming more publicly accepted as the universal energy carrier for various applications and vehicles.?

Norway has a leading position in the industry, has the experience, and has deployed more equipment than anyone else. Norsk Hydro was founded in 1905 to meet the fertilizer needs of the agriculture sector. The founder, Samuel Eyde, saw an opportunity to utilize Norway’s extensive hydroelectric resources to build up a new industry for producing fertilizer. Renewable energy in India is among the cheapest in the world. Hence, renewable LCOE will be minimum. The national target of achieving 500 GW of RE capacity by 2030 will further complement production costs and volumes of green hydrogen. Industry sectors such as refineries and fertilizers account for major hydrogen demand in India mainly through grey hydrogen. India can learn from the global hydrogen ecosystem as it looks to develop one.

Welcome to the Summit from DMI! DMI will host a session on END USERS - Hydrogen opportunities in the energy system.

This is a summit where the participants can learn more about Norwegian businesses, and network with other people and companies operating in Norway and India. We are looking forward to hosting all of you in Bergen. Together we all can be the change we want to see!

Minister of Trade and Industry Jan Christian Vestre, Minister of Environment Espen Barth Eide, and Minister Gatkari will join. More than 50 speakers will share their knowledge and thoughts. Thousands of people have signed up, have you?

Do take a look at a few of the parallel sessions below:

The Safety session will have discussions on the guidelines & capacity-building necessary for the acceleration of H2 production at the International Climate Summit 2022.

The Technology session will have discussions on the role of technology and the challenges needed to be tackled for scaling up hydrogen production at the International Climate Summit 2022.

The Investment session will have discussions on the varied opportunities in the private and government sectors for the scaling up of H2 production in India & Norway at the International Climate Summit 2022.

The Decarbonization session will have discussions on the governmental approach towards decarbonization of the hydrogen production process at the International Climate Summit 2022.

The End Users session will have discussion on the diverse hydrogen opportunities in the energy system for creating solutions for tomorrow at the International Climate Summit 2022.

Did you know that Oslo was ranked the European Green Capital 2019?

Do take time out to listen to incredible women we invited to our podcast this summer:

Oslo is the first city in the world with its own Climate Budget. Do you know what a climate budget is? In many ways, Oslo is charting a path forward for the world. Did you listen to this episode? If not listen to the episode here. The C40 Cities Climate Leadership Group is an association of 97 cities from around the world, aimed at fighting climate change and reducing greenhouse gas emissions, thus mitigating climate risks.

The group represents one-twelfth of the world population and a quarter of the global Gross Domestic Product (GDP).?The goal of the C40’s initiative is to reduce the emissions of its member cities by half within a decade. Membership in the group comes from performance-based requirements. We had with us?Catrin Robertsen,?Head of Climate Budgeting at C40 Cities,?and?Shruti Narayan,?Regional Director South and West Asia at C40 Cities.?Listen to the episode?here.?

DMI are looking forward to seeing you at the International Climate Summit 2022 tomorrow. Together we all can be the change we want to see.

DMI’s podcast and International Climate Summit 2022 is funded by Oslo municipality

Wishing you all a wonderful week!