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Wednesday, April 24, 2024

Rs 3 cr financial aid for Hydrogen Startup to make India green hydrogen hub

A financial aid of Rs 3.29 crore has been announced to a Hydrogen StartUp from Maharashtra.The funding would help India become a green hydrogen hub.

Dr. Jitendra Singh, Minister of State in the Prime Minister’s Office, stated that the Hydrogen Startup funding aligns with Prime Minister Narendra Modi’s vision of the National Hydrogen Mission (NHM), which aims to assist the government in meeting its climate targets and making India a green hydrogen hub.

On Friday, the Minister announced a financial help of Rs 3.29 crore to a Maharashtra-based Hydrogen StartUp for indigenous development of Hydrogen Sensing & Analysis Technology.

“This will contribute to fulfilling the aim of producing 5 million tonnes of Green hydrogen by 2030, as well as the related growth of renewable energy capacity,” the Minister stated.

On India’s 75th Independence Day last year, Prime Minister Narendra Modi launched the National Hydrogen Mission from the ramparts of the Red Fort with the goal of making India a centre of “Green Hydrogen.”

Dr. Jitendra Singh presided over the signing of an MoU between the DST’s Technology Development Board and M/s Multi Nano Sense Technologies Private Limited, Maharashtra, to encourage the indigenous manufacture of hydrogen sensors.

According to the Minister, the business is working on an indigenous cutting-edge hydrogen analysis sensor for new era applications. The advancement is also connected to universal miniaturised core sensor designs for hydrogen leak detection and/or analysis. The unique hydrogen gas sensor and analyzer, according to the official release, is based on a core sensor that was conceptualised, developed, manufactured, and serviced wholly in India.

The Minister stated that the country is now largely reliant on sensor imports, with all essential sensor parts coming from China, the United States, the United Kingdom, Japan, and Germany.

According to Dr. Jitendra Singh, the need for energy is increasing, and because present supplies are limited, there is a need for an alternative fuel.

He stated that ‘Hydrogen’ is envisioned as the future fuel to replace fossil fuel, and hence the generation of Hydrogen fuel using renewable energy, dubbed green hydrogen, is one of the main prerequisites for the nation’s ecologically sustainable energy security. According to the Minister, the NITI Aayog paper titled “Harnessing Green Hydrogen: Opportunities for Deep Decarbonisation in India” Hydrogen will pave the way for the establishment of a green hydrogen economy, which will be vital for India to meet its net-zero aspirations by 2070.


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