India will soon launch a pilot project for producing 100 MW of round the clock (RTC) power using green hydrogen as storage, said Union Minister for New & Renewable Energy RK Singh. Speaking at the Fourth International Conference & Exhibition on Clean Energy, Singh said India aims to become the largest producer and exporter of green hydrogen and ammonia, citing the country's low-cost renewable power. He noted that India has already developed substantial manufacturing capacity for green hydrogen.
The minister said that an investment pipeline of nearly $250 billion is set to benefit India, primarily due to growing interest in renewable energy and green hydrogen. He expects the investment to expand further in the future. Sanjiv Puri, President Designate of the Confederation of Indian Industry (CII) and Chairman & Managing Director of ITC Limited, emphasized the role of Micro, Small, and Medium Enterprises (MSMEs) in the nation's economy. Puri advocated for the integration of MSMEs into the sustainability paradigm through collaborations with large corporations. He said such partnerships would enhance MSME competitiveness while helping them transition to a lower-carbon footprint.
During the event, Singh also unveiled a CII-EY report on India's energy transition, which focuses on the country's potential to be a global leader in renewable energy innovation and manufacturing. The report highlighted the role of local manufacturing capacities in reducing import dependence and building supply chain resilience, not only for India but globally.
In addition, Singh launched a dashboard titled "Energy Transition Investment Monitor." This analytics platform tracks more than 900 projects in the renewable energy services and technology supply chains. These projects offer significant economic development opportunities and align with India's long-term climate action goals and energy security objectives.