• Sat. Dec 21st, 2024

    How India Plans to Revolutionize Energy: The Next Five-Year Roadmap

    ByMia Brooks

    Oct 26, 2024

    India is aggressively stepping into the spotlight as a contender in the global green hydrogen arena. Spearheaded by the government’s bold initiatives, such as the innovative Strategic Interventions for Green Hydrogen Transition (SIGHT) program, the nation is rapidly advancing its production capabilities. These initiatives have drawn commendation from industry specialists, who acknowledge India’s impressive progress in this burgeoning sector.

    One exemplary player in this ambitious transition is Jakson Green, a dynamic subsidiary of the well-established Jakson Group. Originally focused on diesel generators, the company pivoted to solar technologies in 2014. Now, it’s carving out a niche in green hydrogen by targeting high-emission industries like shipping, aviation, heavy-goods transport, steel production, and ammonia manufacturing for fertilizers.

    Although the appetite for green hydrogen solutions is on the rise, the supporting infrastructure remains nascent. India has triumphantly navigated the early challenges in solar and wind energy industries, but according to Jakson Green’s CEO, this infrastructure evolution might take another five to seven years. Nevertheless, optimism is in the air as expectations heighten for a substantial surge in demand by late 2025.

    Driven by India’s National Green Hydrogen Mission, the country is laying foundational pilot projects across various sectors while bolstering research and development efforts. Major players like Adani Group and Reliance Industries Limited are diving into the ecosystem with significant financial commitments toward green hydrogen advancements.

    Despite facing hurdles and timing discrepancies, India’s relentless push for energy independence and reduced fossil fuel reliance suggests a promising trajectory. Such unwavering dedication fuels the possibility of India emerging as a pivotal global leader in the green hydrogen space shortly.

    Source: India Aims to Lead Global Green Hydrogen Production Despite Challenges

    By Mia Brooks

    Mia Brooks is an accomplished author and thought leader in the realms of emerging technologies and financial technology (fintech). With a Master's degree in Technology Management from the University of Maryland, Mia has cultivated a deep understanding of the intersection between technology and finance. Her career includes significant experience at Evercore, where she contributed to projects that shaped innovative financial solutions and strategies for clients navigating the rapidly evolving landscape of digital finance. Mia's writing is informed by her extensive research and practical insights, making complex concepts accessible to a broad audience. Through her work, she aims to empower individuals and businesses to embrace the future of finance.