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CLIMATE TECH The Next Big Opportunity for Impact and Profit
Entrepreneur magazine
|February 2025
India's climate tech sector is buzzing with activity, boasting over 800 operational startups and raising USD 3.6 billion between 2014 and 2024. These ventures are not just building solutions but reshaping industries—from e-waste management to renewable energy infrastructure.Here are some of the standout trends from 2024 that hold valuable lessons for investors and entrepreneurs alike.
GREEN HYDROGEN: Green hydrogen is no longer a concept confined to R&D labs; it is becoming a cornerstone of India's energy transition. Backed by the National Green Hydrogen Mission (NGHM), startups are tackling challenges around production efficiency, storage, and industrial adoption.
One of the most exciting developments is the application of green hydrogen in hard-to-abate industries like steel and cement. Startups are leveraging advanced electrolysers and renewable energy integration to make processes like direct iron ore reduction viable. Even in the logistics sector, hydrogen fuel cells are now powering long-haul freight.
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