The partnership is expected to drive significant market growth, with the green hydrogen market in India forecasted to reach a total worth of $8 billion by 2030 and $340 billion by 2050. The memorandum of understanding (MoU) signed between IBA and HAI reflects a shared commitment to reducing the country's reliance on imported energy sources and supporting India's green energy goals.
This strategic alliance will include comprehensive measures such as training, capacity building, and policy advocacy, all directed towards promoting and advancing bio-based energy solutions. It's an important step towards achieving sustainable growth and energy independence for India.
Under the partnership between the Indian Biogas Association (IBA) and the Hydrogen Association of India (HAI), several specific initiatives have been planned to promote hydrogen as a bio-based energy solution. Below are some key projects:
- Training and Capacity Building: The collaboration will facilitate comprehensive measures including training programs and capacity building for stakeholders involved in the production and use of green and blue hydrogen.
- Policy Advocacy: Both associations aim to engage in policy advocacy to support the bio-hydrogen and biogas ecosystem, leveraging government initiatives to achieve India's green energy goals.
- Promotion of Green and Blue Hydrogen: The strategic alliance is set to catalyze the promotion and advancement of bio-based energy solutions, with a special focus on green and blue hydrogen.
- Steel Industry Utilization: There is a significant focus on the utilization of hydrogen within the steel industry. The process involves breaking methane molecules inherent within biogas to yield both carbon and hydrogen, offering a viable solution for the industry's requirements.
- Market Growth for Blue Hydrogen: The partnership is expected to give an extra push to blue hydrogen, with projections indicating that its market could increase to 80 million metric tons by 2050, contingent upon global governmental efforts to enforce regulations that foster the adoption of emission-free fuel sources.
Notably, HAI has signed memorandums of understanding with other associations, like the Scottish Hydrogen and Fuel Cell Association, to foster international collaboration.
The Indian Biogas Association (IBA) is a prominent organization in India, established with the goal of promoting biogas as a sustainable and renewable energy source. One of the primary objectives of the IBA is to set up 5000 new commercial biogas plants by the end of the year 2024.
The IBA aims to increase awareness of biogas, promote research and development activities in the sector, and improve the business scenario of the biogas industry by advocating for conducive policies.
The Hydrogen Association of India (HAI) is a key organization dedicated to the growth and development of hydrogen energy in India. HAI was established with the mission to promote, encourage, and develop the growth of hydrogen energy and its applications in India. HAI conducts scientific activities, disseminates information on hydrogen energy developments, and provides technical advice to government and commercial bodies.
Moreover, HAI also organizes international conferences and events to further the discussion and development of hydrogen energy solutions. For example, the 10th International Hydrogen & Fuel Cell Conference was held in December, last year.
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