AP aims to become ‘green hydrogen valley' by 2030
into a 'green hydrogen valley' by 2030.
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The summit witnessed participation from over 600 delegates, including industry experts, CEOs, COOs, and managing directors from various green hydrogen companies. The declaration aims to establish clear policies for clean energy production and green hydrogen manufacturing. It is focused on creating a conducive ecosystem for the growth of green hydrogen production in AP.
The state govt has set an ambitious target of manufacturing 2 gigawatts of electrolysers by 2027 and 5 gigawatts by 2029.
By 2029, AP aims to produce 1.5 million metric tons of green hydrogen annually. Research and development efforts are underway to bring down the cost of hydrogen gas from Rs 460 to Rs 160 per kilogram. Infrastructure will be established to support the distribution of 25 gigawatts of renewable energy by 2029.
The declaration envisions developing this initiative as a dedicated green energy corridor. An investment of Rs 500 crore has been earmarked for innovation and research in the sector. The declaration also includes a commitment to support 50 startups engaged in green hydrogen development.
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