Green hydrogen sector slowed by faltering exports

Slowed Expansion

- AGGAM WALIA

STAKEHOLDERS IN INDIA's nascent green hydrogen sector remain bullish that the alternate fuel "is going to be big", but weak export demand—driven by geopolitical instability and policy reversals in key markets—is slowing down the pace of expansion.

At an industry event on Thursday, Ministry of New and Renewable Energy (MNRE) Secretary, Santosh Kumar Sarangi, said, "One key factor, from an entrepreneur's perspective, is market visibility. That market—due to a variety of reasons such as geopolitical tensions and policy backtracking by some governments, including the US where the IRA (Inflation Reduction Act) is stalled—has created some skepticism about whether this transition will move forward."