New Delhi, Jul 8 (PTI) India’s hydrogen demand is expected to rise at a compound annual growth rate of 3 per cent to 8.8 million tonne per annum by 2032, a report released by India Energy Storage Alliance (IESA) on Tuesday said.
The report unveiled on the first day of India Energy Storage Week here said that despite announcements of green hydrogen projects of over 9 MTPA capacity, few in India have reached the Final Investment Decision (FID) or secured long-term offtake agreements from domestic or international markets.
In the baseline scenario, with 30 per cent of the announced green hydrogen (GH2) capacity commissioned within ten years, electrolytic c bio-H2 (bio hydrogen) supply can meet approximately 31 per cent of domestic demand in 2032.
