Earlier this year, the Cabinet approved the National Green Hydrogen Mission. It aims to set up at least 5 MMT per annum of green hydrogen production facilities by 2030 which will require a renewable energy (RE) capacity addition of ~125 GW. NTPC's deal with Ohmium for proton exchange membrane (PEM) electrolysers is a significant contribution towards the achievement of the national target as well as NTPC's target of 60 GW RE by 2032.
Will this deal act as a catalyst in the development of green hydrogen production facilities in India and enable its path towards a green hydrogen powerhouse?
It will be interesting to see who NTPC will sign the buy-side contract with.