How Green Hydrogen can reshape the renewable energy future of World
The global Green Hydrogen Market is expected to reach a market size of USD 2,569.7 Million by 2028 and register a high CAGR during the forecast period, according to a latest report by Reports and Data. As renewables increase their footprint on the broader energy policy landscape of India, there are new challenges that are presenting themselves. When the renewable power is in excess of the demand, it has the potential for creating chaos on the grid. Conventional power from hydro, thermal and nuclear is predictable and manageable, renewable power through wind and to a lesser extent solar cannot be predicted well. Green Power producers are facing the threat of penalties if they put excess power on the grid and are being forced to look at alternative uses for the excess power. To address such new challenges, advent of green hydrogen making an appearance as an alternative energy ecosystem worldwide can’t be overlooked. At a time when India is well on its way to meet its ...