The Hydrogen Association of India (HAI) and the Spanish Hydrogen Association (AeH2) have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation in the field of green hydrogen.
The agreement was signed by Dr. R.K. Malhotra, President of HAI, and Javier Brey Sánchez, President of AeH2, in the presence of Spanish Ambassador to India Juan Antonio March Pujol. Also present on the occasion was Sujit Pillai, Scientist-F, Ministry of New and Renewable Energy (MNRE).
The MoU opens up opportunities for collaboration and joint ventures between stakeholders in both countries, aimed at accelerating R&D, production, deployment of green hydrogen technologies, and skilling of manpower as both nations pursue sustainable and affordable energy solutions.
“India targets 5 million metric tonnes (MMT) of green hydrogen production capacity by 2030. The current annual hydrogen demand stands at around 6–7 MMT and is expected to rise to 13 MMT by 2030. There is significant potential to expand green hydrogen capacity to 10 MMT by 2035, if not earlier,” said Dr. Malhotra.
However, cost remains a major challenge. “The discovered cost of green hydrogen production in India is INR 397/kg, including 18% GST. The base production cost is INR 336/kg, excluding storage, transportation, and delivery. If the price can be brought down to INR 250–300/kg, we believe demand across various sectors will rise,” he added.
Brey Sánchez emphasized the MoU’s potential to foster collaboration in developing more efficient electrolyzer technologies and scaling up their manufacturing to drive down costs. Spain, he noted, aims to meet 74% of its industrial hydrogen demand with green hydrogen by 2030 and targets 12 GW of installed electrolyzer capacity by then.
“To reduce the cost of green hydrogen, the partnership through the MoU will combine Spanish technology with Indian manufacturing,” said Brey Sánchez.
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