India’s plans to advance as a green hydrogen leader are gaining traction both in terms of investments and economics — with a cost curve that seems to be beating expectations. The country’s biggest green hydrogen tender to date was secured at a price of around 397 rupees per kilogram ($4.70/kg) — a record low in India. In fact, that figure includes an 18% value-added tax, suggesting pre-tax levels even lower at around $4/kg. The 10,000 ton per year capacity project was awarded by state-run refiner Indian Oil to Indian industrial conglomerate Larsen & Toubro (L&T) Energy Green Tech, the clean energy arm of construction giant L&T.
