Time zones:
11:30 - 13:00 Greenwich Mean Time
12:30 - 14:00 Central European Time
17:00 - 18:30 Indian Standard Time
The India Hydrogen Intelligence Service is a quarterly 1.5 hour, live analyst presentation and interactive Q&A session covering the key P’s: policy, projects, and the players. Policy changes can make or break the bankability of projects, the projects themselves are examined and best practice is attempted to be identified for those that pass Final Investment Decision. Finally the players are examined both key organisations and key people within those organisations. Often it is only with local knowledge and an appreciation of the cultural nuances that one can have an accurate analysis, uncover the real state of the market and be able to assess future market opportunities.
Why is it important?
The current consumption of Hydrogen in India stands at nearly 8.1 MMTPA, 98% of which is used to produce Ammonia and refined Petroleum. Nearly, 6MMTPA is produced domestically and 2.1 MMTPA is imported as Ammonia and Urea. All of local production is based on natural gas. As India, turns grows, it is expected that both the cost and volume of gas will be in short supply. Hence, potentially large demand for hydrogen can be created from existing applications and eventually for producing products in the larger decarbonizing applications.
What is the background to hydrogen in India?
In the last decade, climate agenda has been driven by reduction of carbon footprint in the power sector, development of battery technologies for transport, and the increased use of energy efficiency measures across industries, transportation, and heating applications. These are effective only up to a point in decarbonising the economy as fossil fuels are still needed in various industrial processes. Hydrogen can potentially disrupt the fossil fuel economy by converting electricity into various chemical products that can support decarbonization creating very strong interest.
India can produce globally competitive renewable power from solar energy which can see a pathway under specific supply chain assumptions to produce Green hydrogen in the range of EUR 2-2.5 per Kg and can be comparative to cost of producing hydrogen from existing renewable technologies.
The Indian Government has drafted a policy with mandates for refinery and fertilizer sectors to procure green hydrogen, which will increase towards 2030. The draft is currently under discussion and consultation within the Ministries; finalization expected in H1 2022. Considering the draft policy, the cumulative demand for electrolyser can reach 30-35 GW by 2030 creating an attractive domestic market.
Meet the Analyst
This quarterly service is led by Sidharth Jain. Sidharth has worked extensively on with top O&G and Renewable Supply chain companies to succeed in the global renewables market. Sidharth’s work includes commercial due diligence, strategy roadmaps, profitability assessments, and supply chain setup for utilities, OEMs, funds and component suppliers.
Sidharth has 10+ years of experience in the renewables sector and has deep understanding of the commercial logics in the Indian power market. He has worked extensively to assess business models in the hydrogen market and how companies should understand the impact of various changes in policy, technology and supply chain investments and how these are likely to impact the market going forward.