Environmental Friendly Hydrogen Market Report - Delhi

By electrolysing water into hydrogen and oxygen using renewable energy sources such as solar or wind, green hydrogen is a fuel that is proving to be instrumental in achieving energy transition and securing a sustainable future. It is gaining popularity among large oil and gas companies and will also be beneficial for mining vehicles, trains, aircraft, trucks, buses, and even maritime transport as a fuel. Green hydrogen is currently used primarily in the chemical and petrochemical industries, in addition to its usage as an energy storage medium. In the chemical sector, it is used to make ammonia and fertilizers and in the petrochemical industry, it is used as an alternative for gasoline fuels. The factors that are driving the growth and advancement of the green hydrogen market are low variable renewable energy electricity costs, technologies ready to scale up and commercialize, benefits for various end use industries like power systems, government initiatives, and projects for net-zero energy systems.

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