The India Hydrogen Alliance – which has both Indian and global companies in its membership – has submitted its National Green Hydrogen Hub Economic Viability and Development Plan to the national government, with the headline aim of creating five large green hydrogen corporations worth a collective US$5 billion by 2030, through public-private partnerships.

The plan is to use 50% public and 50% private funding up to 2030 to create infrastructure and facilities, then sell the public parts of the companies by listing them in 2030, in doing so generating the money to fund further investment. Over a 20-year period, it envisages US$468 million in capital expenditure, and the venture becoming profitable by 2028.

Hydrogen prices, without government incentives, are expected to be US$6/kg in 2024, US$4/kg by 2031, and US$1.5kg by 2043.