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CareEdge Research Report
The momentum of Green Hydrogen in India will be driven by lower renewable energy costs and India’s decarbonisation goals.
The prevailing levelised cost of Green Hydrogen stands at ~1.75 times and ~1.50x times higher than that of grey and brown hydrogen respectively, posing a significant barrier to its adoption.
Economic viability of Green Hydrogen requires a 35%-40% drop in electrolyser prices and a 12%-14% improvement in efficiency apart from supportive policies.
Refineries and ammonia production are expected to be early adopters of Green Hydrogen, with potential for exporting green ammonia.
However, effective storage and transportation solutions for green hydrogen and its derivatives will be essential for its wide-scale adoption.
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