What is Green Hydrogen?
before knowing green hydrogen companies in india lets know first what is green hydrogen. Green hydrogen is a form of hydrogen produced using renewable energy sources such as solar, wind, or hydroelectric power. The process of producing green hydrogen involves using electricity from renewable sources to split water into hydrogen and oxygen through a process called electrolysis. The hydrogen produced through this process is considered “green” because it does not emit any greenhouse gases or pollutants during production, making it a clean and sustainable source of energy.
Green hydrogen has many potential uses, including as a fuel for transportation, a source of energy for industry, and as a way to store and balance intermittent renewable energy sources like wind and solar power. It can be used as a replacement for fossil fuels, helping to reduce carbon emissions and mitigate climate change.
The global market for green hydrogen is expected to grow rapidly in the coming years, with increasing demand from industries such as transportation, chemicals, and steel production. Many countries, including India, have set ambitious targets for the adoption of green hydrogen as part of their efforts to transition to a clean energy future.
India is still in the early stages of developing a green hydrogen industry, and there are only a few companies that are currently involved in producing or exploring green hydrogen technology. Here are top 5 companies in India that are working on green hydrogen and you can do invesment in those stocks.
1. Reliance Industries
Reliance Industries is a conglomerate with interests in energy, petrochemicals, and telecommunications. The company has recently announced plans to invest in green hydrogen and is exploring various technologies to produce hydrogen from renewable sources.
2. Adani Green Energy
Adani Green Energy is a leading renewable energy company in India that has a portfolio of wind, solar, and hydro projects. The company has recently announced plans to produce green hydrogen using renewable energy sources.
3. Tata Power Company Limited
Tata Power Company Limited is a power generation company that is exploring the development of green hydrogen technologies. The company has signed an agreement with the Indian Space Research Organisation (ISRO) to develop green hydrogen technologies.
4. NTPC Limited
NTPC Limited is a government-owned power generation company. that is involved in the production of green hydrogen from renewable sources such as solar and wind. The company has already started testing various technologies.
5. Indian Oil Corporation Limited
Indian Oil Corporation Limited is a government-owned oil and gas company that is involved in the development of green hydrogen technologies. The company has signed an agreement with the Indian Institute of Technology, Delhi, to develop hydrogen fuel cell technology.