Page 26 - Edelweiss India Conference 2022 FLIPBOOK
P. 26
THE NEW EDGE
The IEA forecasts that, over longer term as well, existing industrial uses shall continue to
mushroom, thereby driving growth strongly.
Long-term potential low carbon hydrogen
Types of Size of the 2030 opportunity Long-term
Application Application (kt/year) potential scale
Chemicals (ammonia and methanol) over 100 High
Major hydrogen
uses today over 100 Medium
Iron and steel (blending in DRI) 10-100 Low
Buildings (conversion to 100% Hydrogen) over 100 High
Road freight over 100 High
Passenger vehicles over 100 Medium
Buildings (blending in the gas grid) over 100 Low
Iron and steel (conversion to 100%
New hydrogen Hydrogen) 10-100 High
uses for a clean
energy system Aviation and maritime transport under 10 High
Electricity storage under 10 High
Flexible and backup power generation under 10 Medium
Industrial high temperature heat under 10 Low
Source: Edelweiss Research, IEA
India can produce
green H2 at a cost
lower than USD1/kg,
which is about one–
fourth that of global
levels
24 Edelweiss Securities Limited
