Indian companies are committing billions of dollars to green hydrogen projects but experts caution technology is still very new.
renewable energy cannot become a viable alternative to traditional power sources.
But becoming a global player also depends on how cheaply photovoltaic cells — which convert sunlight into energy — are produced."There are many signs that policies to allow this to happen are being implemented," he added.In recent months, several Indian companies have announced green hydrogen plans:announced it would commit $75 billion to green energy, including an undisclosed amount toward green hydrogen projects.
"When wood was replaced with coal, Europe overtook India and China to emerge the world leader. With the emergence of oil, the U.S. and West Asia outgrew others," he said at a conference on renewables in February in Pune, a western Indian city. "A key thing is that hype can create its own reality. If there is the right amount of capital, human intelligence is thrown at a problem. And technology evolves. Costs start to fall and that creates demand," he said.
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