How Hygenco Made Green Hydrogen Cheaper than Grey in India

How Hygenco Made Green Hydrogen Cheaper than Grey in India

HydrogenFuelNews.com | TAMI HOOD | November 4, 2024

Hygenco’s Green Hydrogen: A Competitive Edge

Hygenco Green Energies Pvt Ltd., a leader in renewable energy, is making waves in the hydrogen market by claiming that their green hydrogen is now cheaper than conventional grey hydrogen in India. This development marks a significant shift in the energy sector, driven by technological advancements and strategic efficiencies.

The Cost Dynamics: Green vs Grey Hydrogen

Grey hydrogen, traditionally cheaper, is made from natural gas and contributes significantly to carbon emissions. Its cost in India ranges from $2.70 to $4 per kilogram, largely due to the country’s dependence on imported natural gas. On the other hand, green hydrogen is produced using renewable energy sources, eliminating carbon emissions. Hygenco has announced that their green hydrogen is now priced lower than grey hydrogen for some long-term contracts, challenging the conventional cost structure.

Basically, a big part but not all, is due to the high cost of natural gas in India, which is largely imported, makes grey hydrogen more expensive. In comparison, the cost of producing green hydrogen has decreased due to advancements in renewable energy technologies and efficiencies in production processes, allowing it to be priced lower than grey hydrogen for some contracts.

Hygenco’s Strategy for Cost Reduction

Hygenco’s ability to offer green hydrogen at competitive prices is attributed to their focus on enhancing production efficiency. By investing in new technologies and optimizing their processes, they have managed to keep production costs in check. This strategic approach not only reduces operational costs but also allows Hygenco to maintain profitability despite lower pricing...more
https://www.hydrogenfuelnews.com/green-hydrogen-cheaper-grey-india/8567913/



Tata Steel and Hygenco Forms Joint Venture to Establish Green Hydrogen Plant in Odisha

24th June 2024
Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) have inked a Memorandum of Understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Odisha’s Ganjam district...more
https://www.blackridgeresearch.com/news-releases/tata-steel-and-hygenco-forms-joint-venture-to-establish-green-hydrogen-plant-in-odisha

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