India to host summit on Green Hydrogen initiatives by BRICS nations
Hydrogen is poised to play a vital role and build on the rapid scale-up of renewable resources
India will host a summit on Green Hydrogen initiatives where BRICS nations will share their initiatives and discuss how to take it to the next level.
The online event will be held via a video conference on June 22-23.
To be anchored by global energy major National Thermal Power Corporaition (NTPC), the virtual summit will bring the best brains, policy makers and major stakeholders from the BRICS nations. They will deliberate and discuss at length the future of hydrogen in the energy mix, the Ministry of Power said on Sunday.
On Day 1, the representatives from each country would be sharing respective initiatives undertaken by their countries on utilization of hydrogen and their future plans. The speakers will also share the relevance of different technologies developed on hydrogen and its priorities for their country, the ministry said.
Day 2 will witness panel discussions on ideas integrating hydrogen in overall energy policy framework by different countries. The discussions to entail financing options for the emerging green hydrogen technologies and the institutional support needed to create the requisite ecosystem for the technology to flourish.
The Ministry of Power noted that hydrogen was poised to play a vital role and build on the rapid scale-up of renewable resources across the globe as the world rapidly moves to decarbonise the entire energy system.
Hydrogen when produced by electrolysis using renewable energy is known as Green Hydrogen which has no carbon footprint.
This gives hydrogen the edge over other fuels to unlock various avenues of green usage. However, challenges lie in terms of technology, efficiency, financial viability and scaling up which the summit will aim to address, the ministry explained in a press release.
Green Hydrogen has innumerable applications. Green Chemicals like ammonia and methanol can directly be utilized in existing applications like fertilizers, mobility, power, chemicals, shipping etc. Green Hydrogen blending up to 10% may be adopted in CGD networks to gain widespread acceptance.
Further scaling up with greening of hard to abate sectors (like steel and cement) through hydrogen needs to be explored. Many countries have brought out their strategies and defined targets and roadmaps based on their resources and strengths, the ministry said.