India’s The Energy and Resources Institute (TERI) and US-based FTI Consulting have partnered on policy and economic research to develop a hydrogen-based economy in India, fuel-cell manufacturing and policy ecosystem, carbon-capture systems, and new and emerging areas in renewable energy.
Amrit Singh Deo, Senior Managing Director-Strategic Communications, FTI Consulting, said, “We look forward to working with TERI, one of India’s leading energy thinktanks, to develop an India hydrogen economy roadmap, leveraging our global clean energy expertise. We are committed to bringing global policy and research best practices to India and work in close partnership with sector experts to solve complex problems.”
Girish Sethi, Senior Director, Energy Programme, TERI said, “TERI looks forward to this partnership with FTI Consulting for research, development and deployment of low-carbon technologies and hydrogen technologies.”
So far, India has had somewhat limited success in capturing the manufacturing benefits of certain clean energy technologies such as solar PV and batteries.
TERI sees green hydrogen as the next ‘clean energy prize’, which will require coordinated action from industry and government for India to capture the benefits. In the transition to a carbon-neutral economy, hydrogen can provide a supplementary role to renewables and batteries.
Hydrogen can be divided into ‘grey’ (produced from fossil fuels), ‘blue’ (produced from fossil fuels with carbon capture and storage) or ‘green’ (produced from renewable electricity).
According to TERI, early demand markets for hydrogen include fuel cells for trucking, balancing supply and demand in the power sector, and replacing fossil fuels in industry. The potential scale of hydrogen use in India is huge, increasing between 3 and 10 times by 2050.
Akshay Bhardwaj will lead the partnership from FTI Consulting and William Hall from TERI.
Akshay Bhardwaj, Director-Strategic Communications, FTI Consulting, said, “India’s Hydrogen Roadmap could provide the critical link between conventional energy sources, the gas economy and renewable energy through the deployment of grey, blue and green hydrogen plays. India must build a green industrial policy and a sustainable energy roadmap.”
Will Hall, Associate Fellow, TERI said, “Given its advantages as a clean fuel, India should work towards making hydrogen economically viable in order to compete with other conventional fuels. Through this partnership, FTI Consulting and TERI will be researching to demonstrate the viability of hydrogen as a sustainable solution for India’s energy.”
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