USA and India Seeking Collaborative Opportunities in Green Hydrogen Projects
It is expected that India and the United States will investigate collaboration in green and clean hydrogen, carbon capture, utilisation, and storage (CCUS), and battery energy storage systems. According to those close to the development, the two countries may also look to cooperate to accelerate collaboration in offshore and onshore wind power, as well as other developing technologies for energy transformation.
This comes amid Prime Minister Narendra Modi's state visit to the United States. The energy transformation was also highlighted as a significant emphasis issue during India's presidency of the G20 Summit. "Both countries could look to collaborate on reducing the cost of green and clean hydrogen," one of the participants suggested.
Green hydrogen production is now a high-cost potential, but it is predicted to become viable with scale. India has lofty aspirations for green hydrogen. By 2030, the National Green Hydrogen Mission hopes to have a production capacity of at least 5 million metric tonnes per year. The United States' Hydrogen Energy Earthshot, begun in 2021, aims to cut the cost of clean hydrogen by 80% in a decade to $1/kg.
According to another source, India has led discussions on carbon capture and storage technology as part of G20 side events and is willing to launch more pilot projects on it. According to him, the primary hurdles for CCUS are the high cost per unit and the choice of storage technology