Page 36 - Edelweiss India Conference 2022 FLIPBOOK

THE NEW EDGE

Capital cost of electrolysers (estimated 2030 electrolyser capital cost at USD250–300/kW),
rather than renewable energy feedstock, is expected to be the only hurdle to electrolyser
deployments; hence indigenisation/domestic electrolyser manufacturing will play a
determining role in driving hydrogen commercialisation.

Electrolyser capital cost, collectively estimated at USD5–6bn, is expected to be privately

an opportunity to create a National Electrolyser Manufacturing Mission, aligned with the
existing FAME II scheme and create three–four large Indian electrolyser manufacturing
companies in India.

Some recommendations made by IH2A to Government of India:

• The PLI Scheme should be extended to all hydrogen-related domestic manufacturing
(as for solar and EVs).
Electrolyser capital
cost, collectively • National Hydrogen projects with renewable linkages should get similar tax and policy
estimated at USD5– incentives as renewable energy projects.
6bn, is expected to
be privately funded •
with public funding production plants, backed by incentives (e.g. similar to Renewable Purchase
being utilised for

• Incentives to encourage formation of hydrogen project consortia for projects over a
infrastructure

• Initiate a domestic hydrogen manufacturing and supply chain study, and its linkages
with renewable and electric vehicle plans, including plans for new natural gas
pipelines (to accommodate hydrogen blending as well as 100% hydrogen pipelines in
the future).

• Develop a Bharat H2 exports vision to become a green H2 export hub in Asia to Japan
and Korea beyond 2030.

What is India Hydrogen Alliance (IH2A)?

IH2A is an industry-led coalition that works together with policy makers, industry players,
energy-sector experts, research agencies, think-tanks, and the media to support concerted
public policy and private sector actions to develop a hydrogen economy and a domestic
hydrogen supply chain (in India).

34 Edelweiss Securities Limited