The government has approved $2.3 billion to support production, use and exports of green hydrogen, aiming to make India a global hub for the nascent industry.
The funding, announced late Wednesday, i s a first step toward establishing the capacity to make at least 5 million metric tons of green hydrogen by the end of this decade.
Green hydrogen is hydrogen that is produced through the electrolysis of water, powered by electricity generated from renewable sources of energy. Most of the world’s hydrogen is produced using fossil fuels, especially natural gas.
