India to pilot 100 MW green hydrogen storage
This will bring the round-the-clock renewable energy cost to $0.072 (INR6) per unit.
The Indian government will be piloting a 100-megawatt (MW) green hydrogen storage in a bid to reduce the cost of round-the-clock renewable energy.
Union Minister for Power and New & Renewable Energy Shri R. K. Singh, said at the Fourth International Conference & Exhibition on Clean Energy that using green hydrogen is cheaper than gas and battery energy storage systems.
"We have come up with a pilot bid for about 100 MW which we hope will establish the benchmark. Once we are able to use green hydrogen for our energy requirements, all supply chain issues such as availability of lithium-ion batteries will be resolved. We will make green hydrogen and use it as storage,” Union Minister for Power and New & Renewable Energy Shri R. K. Singh said.
“The average price of power in the energy exchange has recently been Rs. 8 ($0.096) per unit, so if our cost for round-the-clock renewable energy comes to Rs. 6 ($0.072) per unit, we are in business. That is what the future is: renewables. The future is here, not far away,” he added.
$1 = INR83.13