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Challenges to the Widespread Classification of Green Hydrogen - Ratul Puri

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Challenges to the Widespread Classification of Green Hydrogen - Ratul Puri

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Ratul Puri, Chairman, Hindustan PowerProjects Pvt Ltd, pens down challenges existing in the mass adoption of green hydrogen as an alternate energy source.

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Green hydrogen is now gaining importance as a potential source of clean energy and is frequently denoted as 'The fuel of future'. It is being considered as an indispensable element for de-carbonizing sectors which generate high emissions like transportation, shipping etc. The Paris Agreement aims at creating a framework, to hold global warming to below 2°C above pre -industrial levels and to limit it to at least 1.5°C above pre-industrial levels. The adoption of Green Hydrogen could be one of the key enablers towards the achievement of the Paris Agreement's framework.

In today's scenario there are several challenges that exist in the mass adoption of green hydrogen as an alternate source of energy. Listed below are some of the key ones:

The Production Cost: Green hydrogen has immense potential in decarbonizing many sectors; however the cost- effective production of green hydrogen is still unfolding. The current cost of producing 1 kg of green hydrogen is between $5.5 and $6 through the process of electrolysis by using renewable sources of energy. With the usage of conventional fossil fuel, the cost of production of hydrogen is only about $1.5 per kg, which is significantly lower. Presently, the capital expenditure on electrolysers used for splitting oxygen and hydrogen is very high. Although it has decreased nearly 40% in the last 3-4 years, it is still a major impediment towards large scale migration. . There is a need for ample investment in research and development to increase the efficiency of electrolysis technologies and lower production costs. Worldwide, governments could enhance the production of green hydrogen by introducing appropriate grants, subsidies and applicable tax holidays. This will certainly make it more economically feasible for consumers as well as industries.

Scarcity or shortage of water resources: The production of green hydrogen requires plenty of water. On an average, 1 kg of green hydrogen production requires around 10 - 15 liters of water. This will be an issue in non-maritime areas which will need to be addressed appropriately by respective government bodies.

Generating Renewable Sources of Energy: Renewable sources of energy, like wind and solar, act as an agent upon which the production of green hydrogen depends. Increasing or boosting of these sources need to be expedited to be able to avail the benefits of green hydrogen in the journey of de carbonization. Improving global access to components and raw materials will also help in the growth and development of renewable energy projects. International cooperation for proper harnessing of clean energy resources is also a need. Building the required infrastructure for enabling cross-border transmission facilities, can play a vital role in addressing the same.

Infrastructure Development: Infrastructure development plays an important role here. A dependable network of facilities, a network of distribution of pipelines and stations for refueling need to be created. This requires major investments and collaboration between governments and private sectors. The policies of the government in our country are quite supportive and today the availability of crucial funding for infrastructure development is being made visible. Specific regulations for this area are also being made now.

Safety Aspect: There are also some of the safety aspects or standards which are associated with the production of green hydrogen especially in the areas of storage and transportation. Robust and practical standards with ideal regulatory frameworks are crucial in building confidence among producers and users of green hydrogen.

Enhancing the Demand: Governments in various countries are now coming up with strategies and policies to enhance and promote the usage of green hydrogen. There is also an impetus seen to fuel demand in such countries. All this will help in the adoption and indeed the promotion of green hydrogen world over. Such efforts will soon help the planet meet its de carbonization targets within a stipulated time-line.

Ratul Puri is the Chairman of Hindustan PowerProjects Private Limited.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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The Key Challenges to the Widespread Classification of Green Hydrogen

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Ratul Puri, Chairman, Hindustan PowerProjects Pvt Ltd, pens down challenges existing in the mass adoption of green hydrogen as an alternate energy source

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Views on India's Energy Sectors by Ratul Puri

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Views on India's Energy Sectors by Ratul Puri

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Perspective on India's Energy Areas: An Excursion Towards Energy Independence by Ratul Puri. India is perhaps of the quickest developing economy on the planet bringing about a critical expansion in its interest for energy. There is currently a necessity for the country to accomplish all out energy freedom.

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A Close View of India's Energy Sectors: A Journey towards Energy Independence by Ratul Puri

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New Delhi [India], June 19: India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence.

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An Excursion Towards Energy Independence by Ratul Puri

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An Excursion Towards Energy Independence by Ratul Puri

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A Close View of India's Energy Sectors: A Journey towards Energy Independence by Ratul Puri. India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy.

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PNN New Delhi [India], June 19: India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence. This requires multi-dimensional actions on various aspects like energy production, energy efficiency, and well-planned policy reforms.

At present, approximately 55% of India's energy needs are met through coal. This is a non-renewable resource. There has been a significant decrease in coal imports from 249 million tons in 2019-20 to approximately 218 million tons in the year 2022-23. This was possible due to an increase in domestic production to around 893 million tons in the 2022-23. The government is aiming to increase this to by 1.3 billion tons by 25-26. The Transportation Sector-

One of the major sources of energy in India is crude oil, which is mostly used in non-renewable sources of energy. The enormous growing demand for fuel has caused imports to reach a record level of about 87% of domestic consumption in the year 2022-23. The adoption of electric vehicles (EV) may be one of the paths that would help reduce the dependence upon oil for the country. The government of India is already expanding policies for the greater use of electric vehicles. The government is investing in the setting up of infrastructure for charging points, battery building, and exchange facilities. This, along with the promotion of attractive commercials for electric vehicles will aid in the sustainable development of the country and also in the journey towards energy independence. Additionally widespread blending of ethanol provides India a triple benefit - employment in the agricultural sector, significant reduction in the foreign exchange out go and lowering of cost.

Utilizing Renewable Energy- Renewable sources of energy such as solar, wind, water etc. will be helpful in the long run. Our country lies near the equator, blessing us with around 300 days (about 10 months) of sunshine almost every year. Large tracts of available vacant land make India attractive for solar power generation. The country's long coastline of around 7500 kilometers provides many viable options for offshore wind and hydropower also has the potential to generate around 145,000 MW. Developing these sources further will help in this journey of energy independence by reducing the dependence upon nonrenewable sources of energy.

The Key Milestones and the further journey- India is currently the fourth largest wind power generator and fifth solar electricity generator in the world with new technology and capacity being added every single day. In addition to this, around 6.78 GW of Nuclear Power capacities have been created. Green energy share is about 42% of the power production in the country. This has flourished through government initiatives and investment.

Encouraging the Regulatory Environment- The government of India is also supporting the initiatives along with start-ups associated with the production of clean energy and its storage. This will ultimately help India in gaining its position in the world regarding green power and green energy. The efforts will also boost the energy independence of India. This will in turn, contribute in enhancing the GDP of the country and make us a significant player in global avenues while becoming energy independent.

Ratul Puri is the Chairman of Hindustan PowerProjects Pvt Ltd. (Disclaimer: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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A Close View of India's Energy Sectors: A Journey towards Energy Independence by Ratul Puri | Business

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India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence. This requires multi-dimensional actions on various aspects like energy production, energy efficiency, and well-planned policy reforms.

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Ratul Puri: Journey Towards Energy Independent India

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Ratul Puri: Journey Towards Energy Independent India

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A Journey towards Energy Independence by Ratul Puri. There is now a requirement for the country to achieve total energy independence. This requires multi-dimensional actions on various aspects like energy production, energy efficiency, and well-planned policy reforms.

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PNN

New Delhi [India], June 19: India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence. This requires multi-dimensional actions on various aspects like energy production, energy efficiency, and well-planned policy reforms.

At present, approximately 55% of India's energy needs are met through coal. This is a non-renewable resource. There has been a significant decrease in coal imports from 249 million tons in 2019-20 to approximately 218 million tons in the year 2022-23. This was possible due to an increase in domestic production to around 893 million tons in the 2022-23. The government is aiming to increase this to by 1.3 billion tons by 25-26.

The Transportation Sector-

One of the major sources of energy in India is crude oil, which is mostly used in non-renewable sources of energy. The enormous growing demand for fuel has caused imports to reach a record level of about 87% of domestic consumption in the year 2022-23. The adoption of electric vehicles (EV) may be one of the paths that would help reduce the dependence upon oil for the country. The government of India is already expanding policies for the greater use of electric vehicles. The government is investing in the setting up of infrastructure for charging points, battery building, and exchange facilities. This, along with the promotion of attractive commercials for electric vehicles will aid in the sustainable development of the country and also in the journey towards energy independence.

Additionally widespread blending of ethanol provides India a triple benefit - employment in the agricultural sector, significant reduction in the foreign exchange out go and lowering of cost.

Utilizing Renewable Energy-

Renewable sources of energy such as solar, wind, water etc. will be helpful in the long run. Our country lies near the equator, blessing us with around 300 days (about 10 months) of sunshine almost every year. Large tracts of available vacant land make India attractive for solar power generation. The country's long coastline of around 7500 kilometers provides many viable options for offshore wind and hydropower also has the potential to generate around 145,000 MW. Developing these sources further will help in this journey of energy independence by reducing the dependence upon nonrenewable sources of energy.

The Key Milestones and the further journey-

India is currently the fourth largest wind power generator and fifth solar electricity generator in the world with new technology and capacity being added every single day. In addition to this, around 6.78 GW of Nuclear Power capacities have been created. Green energy share is about 42% of the power production in the country. This has flourished through government initiatives and investment.

Encouraging the Regulatory Environment-

The government of India is also supporting the initiatives along with start-ups associated with the production of clean energy and its storage. This will ultimately help India in gaining its position in the world regarding green power and green energy. The efforts will also boost the energy independence of India. This will in turn, contribute in enhancing the GDP of the country and make us a significant player in global avenues while becoming energy independent.

Ratul Puri is the Chairman of Hindustan PowerProjects Pvt Ltd.

(Disclaimer: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.

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A Close View of India's Energy Sectors: A Journey towards Energy Independence by Ratul Puri

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PNN New Delhi [India], June 19: India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence. This requires multi-dimensional actions on various aspects like energy production, energy efficiency, and well-planned policy reforms. [...]

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The Journey Towards Energy Independence in India by Ratul Puri

# data[].attributes.subject
The Journey Towards Energy Independence in India by Ratul Puri

# data[].attributes.body
India is perhaps of the quickest developing economy on the planet bringing about a critical expansion in its interest for energy.
Perspective on India's Energy Areas: An Excursion Towards Energy Independence by Ratul Puri.

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The Journey towards Energy Independence: Close Look of Ratul Puri at India's Energy Sectors

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The Journey towards Energy Independence: Close Look of Ratul Puri at India's Energy Sectors

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India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence. This requires multi-dimensional actions on various aspects like energy production, energy efficiency, and well-planned policy reforms. Business News | A Close View of India's Energy Sectors: A Journey Towards Energy Independence by Ratul Puri.

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PNN

New Delhi [India], June 19: India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence. This requires multi-dimensional actions on various aspects like energy production, energy efficiency, and well-planned policy reforms.
Also Read | ICC World Cup 2023 Qualifier Points Table Updated With Net Run Rate: Check Latest Team Standings of CWC Qualifying ODI Tournament With Net Run Rate.
At present, approximately 55% of India's energy needs are met through coal. This is a non-renewable resource. There has been a significant decrease in coal imports from 249 million tons in 2019-20 to approximately 218 million tons in the year 2022-23. This was possible due to an increase in domestic production to around 893 million tons in the 2022-23. The government is aiming to increase this to by 1.3 billion tons by 25-26.

The Transportation Sector-
Also Read | Nazara's Do Chutki Sindoor Is a Captivating Tale of Love, Sacrifice and Redemption (Watch Promo Video).
One of the major sources of energy in India is crude oil, which is mostly used in non-renewable sources of energy. The enormous growing demand for fuel has caused imports to reach a record level of about 87% of domestic consumption in the year 2022-23. The adoption of electric vehicles (EV) may be one of the paths that would help reduce the dependence upon oil for the country. The government of India is already expanding policies for the greater use of electric vehicles. The government is investing in the setting up of infrastructure for charging points, battery building, and exchange facilities. This, along with the promotion of attractive commercials for electric vehicles will aid in the sustainable development of the country and also in the journey towards energy independence.

Additionally widespread blending of ethanol provides India a triple benefit - employment in the agricultural sector, significant reduction in the foreign exchange out go and lowering of cost.

Utilizing Renewable Energy-

Renewable sources of energy such as solar, wind, water etc. will be helpful in the long run. Our country lies near the equator, blessing us with around 300 days (about 10 months) of sunshine almost every year. Large tracts of available vacant land make India attractive for solar power generation. The country's long coastline of around 7500 kilometers provides many viable options for offshore wind and hydropower also has the potential to generate around 145,000 MW. Developing these sources further will help in this journey of energy independence by reducing the dependence upon nonrenewable sources of energy.

The Key Milestones and the further journey-

India is currently the fourth largest wind power generator and fifth solar electricity generator in the world with new technology and capacity being added every single day. In addition to this, around 6.78 GW of Nuclear Power capacities have been created. Green energy share is about 42% of the power production in the country. This has flourished through government initiatives and investment.

Encouraging the Regulatory Environment-

The government of India is also supporting the initiatives along with start-ups associated with the production of clean energy and its storage. This will ultimately help India in gaining its position in the world regarding green power and green energy. The efforts will also boost the energy independence of India. This will in turn, contribute in enhancing the GDP of the country and make us a significant player in global avenues while becoming energy independent.

Ratul Puri is the Chairman of Hindustan PowerProjects Pvt Ltd.

(Disclaimer: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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Business News | A Close View of India's Energy Sectors: A Journey Towards Energy Independence by Ratul Puri | LatestLY

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Get latest articles and stories on Business at LatestLY. New Delhi [India], June 19: India is one of the fastest-growing economies in the world resulting in a significant increase in its demand for energy. There is now a requirement for the country to achieve total energy independence.

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A Close View of India's Energy Sectors by Ratul Puri

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A Close View of India's Energy Sectors by Ratul Puri

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India is the fastest growing economy in the world that leads to the increase in the demand of energy. Ratul Puri shares his views on the energy independence of India.

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Ratul Puri Close View on India's Energy Sector