Green Hydrogen Transition (SIGHT) scheme:

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April 8, 2024

Green Hydrogen Transition (SIGHT) scheme:

Why in News ? The Haryana-based Hygenco commissioned India’s first green hydrogen plant for steel production and plans to commission three more by the end of FY25.
The Company CEO recently talked about the commercial viability of green hydrogen projects, boosting domestic electrolyser manufacturing capacity, exploring overseas projects, and more.
About the Green Hydrogen Transition (SIGHT) scheme:
• The Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, is a major financial measure with an outlay of Rs17,490 crore. The programme consists of two distinct financial incentive mechanisms to support domestic manufacturing of electrolysers and production of Green Hydrogen.
• Request for Selection (RfS) has been issued for Selection of Green Hydrogen Producers for Setting up Production Facilities of 450,000 tons for Green Hydrogen in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-I).
• A recent report by the World Economic Forum titled Green Hydrogen: Enabling Measures Roadmap for Adoption in India highlighted limited on-the-ground traction for green hydrogen. It also noted that key players are mostly adopting a ‘wait-and-watch’ approach.
What are electrolysers?
• Electrolysers are devices that utilize electricity to induce a chemical reaction known as electrolysis.
• Electrolysis involves the decomposition of a substance into its constituent elements or ions by passing an electric current through it. Electrolysers typically consist of an electrolyte solution or molten electrolyte and two electrodes (anode and cathode) submerged in it.

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Green Hydrogen Transition (SIGHT) scheme: | Vaid ICS Institute