India receives 34 bids for green hydrogen subsidies

In India, India Briefing reported that 34 companies, including Acme Cleantech, Avaada GreenH2, Bharat Petroleum Corp, CESC, Greenko ZeroC, JSW Energy, Reliance Industries, Sembcorp Green Hydrogen, and Torrent Power, have submitted bids for incentives under India’s Green Hydrogen Mission.

The 34 bids come in response to India’s call for proposals to participate in its $2.4-billion program, designed to boost green hydrogen production and electrolyzer manufacturing. India is offering incentives worth at least 10% of the costs to produce green hydrogen fuel under the $2.4 billion scheme.

So far, the government has received bids for the production of 0.55 million metric tons of green hydrogen. Similarly, bids for the manufacturing capacity of 3.4 gigawatts (GW) of electrolysers were received, according to the report.

The subsidies cover the first three years of production output, the report added.

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