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Verification — India's Green Hydrogen Price Closer to $2/kg goal
◆ Published
20 July 2026
◆ Topic
technology
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 21 July 2026 · Fusion42 review
India's green hydrogen production hit a record-low bid of ₹279/kg (approximately $3.35/kg) for 10,000 tonnes annually to Numaligarh Refinery, progressing toward the National Green Hydrogen Mission target of $2/kg by 2030 and 5 million tonnes annually by 2030.
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◆ The Wire takeaway
If you make electrolysers, water purification, or power electronics for hydrogen production, India just proved the market will exist at scale. A refinery is now buying at record-low cost; refineries across Asia will follow once the price hits $2/kg, and you need to be in the supply chain before they do.
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◆ Topics
Climate Tech · green-hydrogen · production-cost · india-energy · net-zero-transition · industrial-scale