If "Shreem Green Energies" is a renewable energy company or involved in sustainable practices, it could be focusing on various aspects of green energy such as solar power, wind energy, biomass, or other forms of renewable energy sources. Green energy companies typically work towards reducing carbon footprint and promoting sustainability. If you're looking for information about "Shreem Green Energies," I would recommend checking online resources, including their website, press releases, news articles, and any available reviews to understand their operations, projects, and contributions to the green energy sector.
Given the prospects that green hydrogen presents for India, real action is required for the country to truly benefit from the opportunities. This report provides ten actionable steps that can guide a National Action Plan on Green Hydrogen 1. A detailed roadmap focused on all aspects of ‘Green Hydrogen’ The recent announcement of the National Hydrogen Mission needs to be complemented with further policy direction in the form of a national roadmap/strategy.8 A long-term roadmap focused on green hydrogen will improve investors’ confidence and will converge the entire value chain and the various government agencies towards a singular vision. 2. Intervene on the supply-side to reduce the cost of green hydrogen to $1/kg Similar to other technology deployment and scaling efforts, government can encourage the cost economics of early producers. The current Green Hydrogen policy already focuses on measures like waiver of inter-state transmission (ISTS) charges and granting of open access for green hydrogen and green ammonia production. Other measures could include reduction in taxes and surcharges, preferential dollar-based electricity tariff, revenue recycling of any carbon tax, low-emission power purchase agreements (PPAs), and avenues for firming electricity supply including discounted grid electricity to complement variable renewable energy (VRE) generation.
Hydrogen, as an energy carrier, is becoming crucial for achieving decarbonization of hard-to-abate sectors. Many sectors such as iron ore and steel, fertilizers, refining, methanol, and maritime shipping emit major amounts of CO2, and carbon-free hydrogen will play a critical role in enabling deep decarbonization. For other high-emitting sectors, such as heavy-duty trucking and aviation, hydrogen is among the main options being explored with an outlook to be the preferred solution for several applications. This has resulted in growing global momentum towards hydrogen in general, and green hydrogen—hydrogen produced through electrolysis of water using electricity from renewable sources—in particular. Declining prices of hydrogen, coupled with growing urgency for decarbonization means the global demand for hydrogen could grow by almost 400 percent by 2050, led by industry and transportation. A new growth momentum is emerging among various nations. At least 43 countries have now set up or are setting up strategies or roadmaps for a hydrogen economy, including financial incentives to accelerate the transition. For India, this current impetus surrounding the hydrogen transition fits well within the context of a low-carbon economy, energy security, and the larger economic development ambition of the nation.
The world is in a unique and necessary phase of energy transition, where emerging low-carbon technologies are replacing existing fossil fuel assets and are shaping a new energy paradigm. Rise of technologies such as solar and wind, lithium-ion batteries, and alternative fuels have paved the way for decarbonization in various end-use sectors. However, there are certain sectors like industry and heavy transport that are hard to decarbonize using the current low- or zero-carbon technologies. Hydrogen promises to address those challenges and contribute to the decarbonization of these hard-to-abate sectors.
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SHREEM GREEN ENERGIES LIMITED COMPANY DIRECTORS
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