Why NITIN GADKARI is pushing GREEN HYDROGEN for Indian Industries : Green Hydrogen Case study

Think School
29 Apr 202217:01

Summary

TLDRThe video script discusses India's aggressive push towards renewable energy, emphasizing green hydrogen as a solution to fuel issues and reduce carbon emissions. It highlights the nation's dependency on oil, climate change commitments, and the need for renewable substitutes in key industries like steel and transportation. The script compares green hydrogen with lithium-ion batteries, noting advantages in space, weight, and charging time for fuel cells. It also outlines challenges for investors, including high costs, the need for alternative metals, storage issues, and efficiency concerns, while suggesting the potential geopolitical impact of mastering green hydrogen technology.

Takeaways

  • 🇮🇳 India is aggressively pursuing renewable energy, particularly green hydrogen, to reduce its dependence on Middle Eastern oil and to meet its Paris Pact commitments to cut down greenhouse emissions by 50% by 2030.
  • 🚗 Nitin Garcia's arrival at the parliament in a hydrogen-powered car symbolizes the potential shift towards hydrogen fuel as a future energy solution in India.
  • 💰 Major Indian business figures and groups, such as Mukesh Ambani and the Adani Group, are investing heavily in green and blue hydrogen, indicating a strong belief in its potential.
  • 🌿 Green hydrogen is produced using renewable energy through a process called electrolysis, resulting in zero carbon emissions, making it the cleanest form of hydrogen.
  • ⚡ The cost of renewable energy production has significantly decreased over the past decade, making electrolysis a more feasible process for green hydrogen production.
  • 🚍 Green hydrogen is particularly beneficial for the transportation industry, offering advantages over lithium-ion batteries in terms of space occupancy, energy to weight ratio, and charging time.
  • 🏭 The steel industry in India, being a major polluter, could greatly benefit from a shift to green hydrogen to reduce its carbon footprint and avoid potential carbon border taxes imposed by the EU.
  • ⛽ The chemical industry is another sector where green hydrogen can replace the use of gray and blue hydrogen, potentially reducing environmental harm from the extraction of metals like platinum and iridium.
  • 📉 Despite its advantages, the high cost of green hydrogen compared to traditional fuels and the current limitations in storage and round trip efficiency present significant hurdles for its widespread adoption.
  • 🔍 Investors are advised to monitor advancements in green hydrogen technology, cost reductions, and potential breakthroughs in alternative materials for fuel cells to make informed investment decisions.
  • 🌐 The country that successfully masters green hydrogen production could become a major exporter and wield significant influence in global politics.

Q & A

  • What is the significance of green hydrogen in India's fuel solution?

    -Green hydrogen is significant in India's fuel solution because it is the cleanest form of hydrogen production with zero carbon emissions, which can help India reduce its dependence on oil imports, meet its Paris Pact commitments, and provide a renewable energy substitute for major industries like steel, transportation, and chemical production.

  • Why did Nitin Garcia's arrival at the parliament in a hydrogen-powered car create such a buzz on Twitter?

    -Nitin Garcia's arrival in a hydrogen-powered car was a surprise and a bold statement, indicating to the people of India that hydrogen fuel is the future of transportation and energy, sparking discussions and interest on social media.

  • What are the three main reasons India is aggressively pursuing renewable energy?

    -India is pursuing renewable energy due to its heavy dependence on Middle Eastern oil, the global recognition of climate change and the Paris Pact commitment to cut greenhouse emissions by 50% by 2030, and the need for viable renewable energy substitutes in major industries like steel, transportation, and chemical production.

  • How does green hydrogen differ from gray, blue, and turquoise hydrogen?

    -Green hydrogen is produced using renewable energy through a process called electrolysis, resulting in no carbon byproducts. Gray hydrogen is produced from methane and coal with no carbon capture. Blue hydrogen also comes from methane and coal but captures and reuses 95% of the carbon byproduct. Turquoise hydrogen is produced through a process called pyrolysis.

  • Why is hydrogen considered an energy carrier and not an energy source?

    -Hydrogen is considered an energy carrier because it does not generate energy by itself. Instead, it stores and transports energy produced from other sources, such as renewable energy used in electrolysis to split water into hydrogen and oxygen.

  • What has changed in the renewable energy sector over the past decade that makes electrolysis a feasible process now?

    -The cost of producing electricity from renewable sources, particularly solar and wind, has significantly decreased over the past decade, making renewable energy cheaper than fossil fuels for the first time. This reduction in cost makes electrolysis a more viable process for producing green hydrogen.

  • How does green hydrogen benefit the transportation industry compared to lithium-ion batteries?

    -Green hydrogen offers advantages such as requiring less space for storage, having a higher energy-to-weight ratio, and allowing for much faster refueling times compared to lithium-ion batteries, making it particularly suitable for heavy-duty and commercial vehicles.

  • What is the potential impact of carbon border tax on India's steel industry?

    -The carbon border tax could increase the cost of Indian products in the European Union if India does not decrease its carbon emissions. Since the steel industry contributes significantly to India's emissions, there is a need to shift from gray hydrogen to green hydrogen to avoid potential trade penalties.

  • What are the challenges and factors investors should consider before investing in green hydrogen stocks?

    -Investors should consider the current high cost of green hydrogen production, the need for alternative metals to platinum and iridium used in fuel cells, storage challenges, and the round trip efficiency of hydrogen, which currently stands at just 40 to 50 percent.

  • How does the cost of green hydrogen compare to other forms of hydrogen and its viability in different industries?

    -Green hydrogen is currently more expensive than gray and blue hydrogen. In transportation, it costs about three times more per kilometer than lithium-ion, making it less viable for now. In the steel industry, green hydrogen is expected to become viable by 2031, assuming the cost decreases significantly.

  • What is round trip efficiency and why is it a critical factor for hydrogen fuel?

    -Round trip efficiency refers to the efficiency of energy conversion from power to hydrogen and back to power. Currently, for hydrogen, it stands at 40 to 50 percent, meaning a significant portion of energy is lost in the process. Improving this efficiency is crucial for the widespread adoption of hydrogen as an energy carrier.

Outlines

00:00

🚗 Green Hydrogen as India's Future Fuel Solution

The script introduces the concept of green hydrogen as a solution to India's fuel issues, highlighting Nitin Garcia's arrival at Parliament in a hydrogen-powered car as a symbol of the future. It discusses the aggressive push for renewable energy in India due to oil dependency, the Paris Pact commitments, and the need for renewable substitutes in key industries like steel, transportation, and chemicals. Green hydrogen, produced via electrolysis using renewable energy, is presented as the cleanest form of hydrogen with zero carbon byproducts. The script also explains the energy carrier role of hydrogen, contrasting it with traditional energy sources, and notes the significant cost reduction in renewable energy production over the past decade, making green hydrogen a viable option.

05:02

🔋 Advantages of Hydrogen Fuel in Transportation and Industry

This paragraph delves into the benefits of green hydrogen for the transportation industry, emphasizing its superior range, volume occupancy, energy-to-weight ratio, and charging time compared to lithium-ion batteries. It also addresses the potential of hydrogen fuel cells to revolutionize heavy-duty transportation, including buses, trucks, and trains, due to their ability to handle larger payloads and longer ranges. The script then discusses the critical need for green hydrogen in the steel industry to reduce carbon emissions and avoid potential carbon border taxes, which could significantly impact India's steel exports and global trade.

10:05

⚠️ Hurdles and Considerations for Green Hydrogen Adoption

The script outlines the challenges and factors investors need to consider when looking at green hydrogen stocks. It points out the high current costs of green hydrogen production, especially in comparison to traditional fuels, and the expected decrease in costs over the next five years due to increased production and government incentives. The need for alternative metals to replace rare metals like platinum and iridium in fuel cells is also mentioned, as well as the environmental impact of extracting these materials. Additionally, the script touches on the technical complexities of hydrogen storage and the current low round trip efficiency, which results in a significant loss of energy during conversion.

15:06

🌐 Geopolitical Implications of Green Hydrogen Export

The final paragraph discusses the geopolitical power that could come with being a net exporter of green hydrogen, suggesting that mastery of this renewable energy source could grant significant influence in global politics. The script wraps up by emphasizing the importance of continued innovation and improvement in green hydrogen technology for India to become a leader in this field. It also includes a call to action for viewers to subscribe to the channel for more insightful content on business and political case studies.

Mindmap

Keywords

💡Green Hydrogen

Green hydrogen refers to hydrogen produced using renewable energy sources through a process called electrolysis, which splits water into hydrogen and oxygen without any carbon byproducts. In the video, green hydrogen is highlighted as a clean energy solution for India's fuel problems, with the potential to revolutionize industries such as transportation, steel, and chemicals by providing a zero-emission energy carrier.

💡Renewable Energy

Renewable energy encompasses energy sources that are naturally replenished and sustainable, such as solar, wind, and hydroelectric power. The video emphasizes India's aggressive push towards renewable energy due to its heavy reliance on Middle Eastern oil, the Paris Pact commitments to reduce greenhouse emissions, and the need for viable renewable substitutes in key industries.

💡Electrolysis

Electrolysis is the process of using electricity to split water into hydrogen and oxygen. It is central to the production of green hydrogen. The video notes the significance of cost reductions in renewable energy, making electrolysis a more feasible method for hydrogen production today compared to the past.

💡Carbon Border Tax

A carbon border tax is a proposed levy on imported goods based on their carbon footprint, aiming to level the playing field for domestic products and encourage environmental responsibility. The video discusses the potential impact of such a tax on India's steel industry, which is a significant contributor to the country's emissions.

💡Hydrogen Fuel Cell

Hydrogen fuel cells are devices that generate electricity by combining hydrogen and oxygen, producing water as a byproduct. The video highlights the advantages of hydrogen fuel cells in transportation, such as their compact size, high energy-to-weight ratio, and quick refueling time, making them a promising alternative to lithium-ion batteries for electric vehicles.

💡Lithium-ion Batteries

Lithium-ion batteries are a type of rechargeable battery commonly used in electric vehicles (EVs) due to their high energy density and efficiency. The video compares these batteries with hydrogen fuel cells, pointing out the limitations in terms of space occupancy, weight, and charging time, especially for heavy-duty vehicles.

💡Decarbonization

Decarbonization refers to the process of reducing or eliminating carbon emissions from various sectors. The video underscores the need for decarbonizing India's steel industry by shifting from gray hydrogen, which is produced from fossil fuels, to green hydrogen to avoid carbon border taxes and maintain competitiveness in global trade.

💡Round Trip Efficiency

Round trip efficiency is the measure of energy loss when converting from one form to another and back. The video mentions that the current round trip efficiency of hydrogen is relatively low at 40-50%, indicating a significant amount of energy is lost in the process of converting electricity to hydrogen and back, which is a challenge for the adoption of green hydrogen.

💡Investment Hurdles

Investment hurdles refer to the challenges or factors that could impede the adoption or success of an investment opportunity. The video outlines several hurdles for green hydrogen investments, including high production costs, the need for alternative metals to platinum and iridium, storage issues, and the current low round trip efficiency.

💡Geopolitics

Geopolitics involves the influence of political factors on international relations and how they affect energy policies and trade. The video suggests that mastering green hydrogen production could grant a country significant geopolitical power, as it could become a major exporter of clean energy and influence global energy policies.

Highlights

India's fuel issues are being addressed with green hydrogen as a solution.

Nitin Garcia's hydrogen-powered car arrival at Parliament in March 2022 signified hydrogen fuel's future potential.

Investments in green and blue hydrogen by Mr. Mukesh Ambani and Adani Group indicate a strong push towards renewable energy.

Tata's initiative to build hydrogen buses reflects the practical application of hydrogen fuel in India.

Green hydrogen is produced using renewable energy and electrolysis, resulting in zero carbon emissions.

Hydrogen is an energy carrier, not a direct energy source, requiring electricity for its production.

Cost reductions in renewable energy production make electrolysis a more feasible process for green hydrogen.

Green hydrogen is crucial for industries like steel, transportation, and chemical that lack viable renewable energy substitutes.

Transportation benefits from green hydrogen include reduced space occupancy, higher energy-to-weight ratio, and faster refueling times compared to EVs.

Green hydrogen has the potential to revolutionize the transportation industry, particularly for heavy-duty vehicles.

The steel industry in India faces the challenge of carbon border tax due to its high carbon emissions.

Decarbonizing the steel industry by shifting from gray to green hydrogen is critical for India's economic and environmental sustainability.

Investment in green hydrogen stocks requires consideration of factors such as cost, environmental impact, and technological advancements.

The cost of green hydrogen is currently high but expected to decrease significantly in the next five years.

Green hydrogen faces challenges such as the need for rare metals like platinum and iridium in fuel cells.

Storage and round trip efficiency of green hydrogen are significant hurdles that need to be addressed.

The potential for green hydrogen to impact global politics and economics if India can become a successful exporter.

Transcripts

play00:15

acknowledged india's fuel issues and

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mentioned green hydrogen is the solution

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to india's fuel problem

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hi everybody in march 2022 nitin garcia

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surprised the entire nation as he

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arrived at the parliament in a

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hydrogen-powered car and as soon as this

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happened we all saw how wild this went

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on twitter

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and guess what

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this was not just a gimmick but a clear

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indication to the people of india that

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hydrogen fuel is the future because it's

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not just the government mr mukesh amani

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is boldly investing into both blue and

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green hydrogen adani group is said to

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invest 70 billion dollars into renewable

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energy and aims to produce the cheapest

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hydrogen on earth and the tatas are

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already looking to build hydrogen buses

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for india

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so the question is what is this green

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hydrogen all about how is it going to

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play out in comparison to the lithium

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ion batteries that we already have and

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most importantly as investors what are

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the challenges and factors that you need

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to consider before you invest into green

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hydrogen related stocks

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this video is brought to you by dessert

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but more on this at the end of the video

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cello let's start from the basics and

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try to understand why exactly is india

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so aggressive about renewable energy in

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this case there are three specific

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reasons number one we are extremely

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dependent on the middle east for oil

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which makes us extremely vulnerable to

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oil shocks in case of geopolitical

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tensions

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secondly the world leaders realized that

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climate change is real so india and 193

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other nations signed something called

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the paris pact wherein india is aiming

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to cut down 50 percent of the greenhouse

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emissions by 2030 and lastly three of

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the most important industries in india

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and the world itself do not yet have a

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viable renewable energy substitute and

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these industries are steel

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transportation and chemical which means

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the existing modes of renewable energy

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production cannot run these industries

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profitably so whoever manages to crack

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this code of renewable energy will go on

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to become a net exporter of renewable

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energy eventually they will go on to

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command extraordinary power in the

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global politics

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and one of the most important

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instruments to achieve this is green

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hydrogen because it can produce an

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extraordinary amount of energy with

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literally zero emissions

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if this is very very clear to you let's

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try to understand what exactly is green

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hydrogen

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to put that straight hydrogen production

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happens in many ways and based on the

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method and the source of its production

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hydrogen is categorized into four major

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categories the first type is gray

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hydrogen which is produced by breaking

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down methane and coal by a process

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called steam methane reforming

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then we have blue hydrogen which is

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exactly like gray hydrogen but in this

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case 95 percent of the carbon byproduct

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is actually captured stored and reused

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then we have the third type which is

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turquoise hydrogen which is produced by

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a process called pyrolysis and then we

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have green hydrogen which is produced

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not using methane not using coal but

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renewable energy and the process to get

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this hydrogen is a process called

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electrolysis if you remember

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electrolysis was taught to us in eight

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standard signs so as you can see clearly

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green hydrogen as the name suggests is

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the cleanest form of hydrogen wherein

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there is no carbon byproduct at all now

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the misconception that people have over

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here is that when we say hydrogen fuel

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most people think hydrogen is a source

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but in reality hydrogen is an energy

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carrier and not an energy source which

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means what if you look at the production

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of green hydrogen first there will be a

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solar power plant that will actually

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produce electricity then this

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electricity is used to conduct

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electrolysis and as this current passes

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through water which is h2o

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h2o splits into hydrogen and oxygen and

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then this hydrogen is stored and then

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used to dissipate energy so this way

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hydrogen is not the source of energy but

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the carrier of energy

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now this begs the question electrolysis

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has been there since decades right then

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why are we talking about green hydrogen

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electrolysis now and not 15 years back

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well that is because although

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electrolysis was there the cost of

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production of energy through renewable

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energy was very very high

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if you look at this graph you will know

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how much the renewable energy sector has

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actually changed in the past 10 years if

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you remember i showed you this graph

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about four to five months back when i

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spoke about solar wars in this graph you

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will see that from 2009 to 2019 well the

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cost of producing electricity from coal

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has decreased by just 2 percent from

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hundred and eleven dollars to 109

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dollars per megawatt hour the cost of

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nuclear has increased by 26 percent from

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123 dollars to 155

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whereas the cost of onshore wind has

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dropped by 70 going from 135 to just 41

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and the cost of solar has decreased by

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89 going from 359 dollars to just 40

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dollars per megawatt hour so for the

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first time in human history renewable

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energy source looks way cheaper than

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fossil fuels and in the next 10 years

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this cost is expected to drop further

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from 40 dollars in solar to maybe even

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less than five dollars

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this is a reason why suddenly

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electrolysis looks like a feasible

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process to carry out with renewable

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energy production now the question we

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hear is why do we need green hydrogen

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and what is the problem that hydrogen

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fuel will solve for the indian economy

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well if you look at the industry

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specific application for green hydrogen

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it is almost super important for three

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major industries steel transportation

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and chemical industry so let's start

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with the first industry which is

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transportation here let's take the first

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factor which is range and volume

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occupancy if you look at an ev with an

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advanced lithium ion battery it could

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achieve 400 to 500 kilometer range but

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these batteries would take up 400 to 600

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liters of space in your car which is

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absolutely enormous whereas the fuel

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cell plus hydrogen storage tank would

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take up less than 50 percent of the

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space and in the next five years

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considering the advancement in hydrogen

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economy hydrogen tanks plus storage

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would occupy only 100 liters and can

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give you a kilometer range of 480 to 500

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kilometers

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which means four times less occupancy of

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space for the same range as lithium ion

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secondly hydrogen fuel cells have an

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energy to weight ratio that is 10 times

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greater than lithium ion batteries so in

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simple words if you want to add more

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range to a vehicle it is very easy to

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add to hydrogen cells but in lithium ion

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batteries they are so heavy that if you

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want to add range you will need to

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increase the size of the battery which

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means what will happen the weight of the

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vehicle will increase which will again

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need more power so you will have to add

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more battery so lithium ion batteries

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after a certain point will become

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counter productive whereas with hydrogen

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it's very very simple

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then we have the third factor which is

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charging time if you look at evs tesla

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model s can give you a 400 kilometer

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range with half an hour of charge and if

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it is a regular ac charger it will take

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up to four hours but when it comes to

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hydrogen fuel even a hyundai truck which

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has a payload of 34 ton and 400

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kilometer range gets recharged in just

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eight freaking minutes so if you see

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when it comes to passenger vehicles it

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might not make that much of a difference

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but when it comes to commercial vehicles

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these advantages are a massive game

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changer

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why because if you look at the modes of

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transportation on a graph wherein you

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plot weight versus mileage you will see

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that avs are suitable up to a weight of

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10 tons and a range of 160 kilometers

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per day whereas as soon as you look at

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heavy utility vehicles like fleets and

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taxis it becomes very difficult to use

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av both due to limitation of range and

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charging time because you see a taxi

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driver cannot stop and charge his

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vehicle for 4 hours or drive only 150

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kilometers a day right

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whereas when it comes to hydrogen cells

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they are so productive that their

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applications extend all the way to buses

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with a range of 400 200 kilometers a day

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and a weight of 50 to 80 tons to trucks

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with 100 to 130 tons of weight and 800

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to 1000 kilometer range to even trains

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up to one thousand tons and one thousand

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kilometer range and beyond

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this is a reason why hydrogen fuel cell

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can revolutionize the transportation

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industry the world and save hundreds of

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millions of tons of carbon emissions

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every single year

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and then we have the shipping and the

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aviation industry which will need

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synthetic hydrogen-based fuels which are

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a little far away from reality

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this is the reason why hydrogen fuel

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cells are super important because they

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cater to heavy duty load that avs cannot

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deliver for commercial or passenger

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transportation and this brings me to

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perhaps the most important industry

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specific application to india which is

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the application of hydrogen in steel

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industry this is where india needs to be

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extremely concerned about something

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called carbon border tax

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carbon must have its price

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because nature cannot pay this price

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anymore

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the idea of a carbon border tax is

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gaining ground in the united states and

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the european union a carbon border tax

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to level the playing field for european

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products if other countries do not go as

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far as us or refuse to go in the right

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direction western countries don't want

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to see companies packing up for places

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like china or india because of their

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less stringent environmental rules which

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make the goods produce there cheaper

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in simple words the european union is

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going to charge you an additional tax if

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your carbon emissions are beyond a

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certain level which means if we do not

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decrease our carbon footprint the cost

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of indian products in the european union

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will increase eventually it will cost us

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billions of dollars in trade in fact bcg

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estimated that a levy of just 30 per

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metric ton of carbon emission tax could

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reduce the profit pool for producers by

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about 20

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this is assuming the crude oil prices

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remain at 30 to 40 per barrel now for

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india we are the second largest producer

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of steel and we exported 20.63 million

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tons of steel in 2021 alone and as much

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as steel is a superpower for india and

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global trade it is also one of the most

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polluting sectors in the country with

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steel industry alone contributing to 12

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of india's total fossil fuel emissions

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and the reason why this emission is so

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high is because the steel industries in

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india use gray hydrogen as fuel and

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releasing agents what is gray hydrogen

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hydrogen that is produced from coal and

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methane using steam methane reforming

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and considering the rise for demand of

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indian steel if we do not shift to green

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hydrogen the carbon emissions from the

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steel industry of india is expected to

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shoot up from just 242 million tons to

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837 million tonnes over the next three

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decades and the fossil fuel emissions

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from steel industry alone will be more

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than 33 percent of the entire country's

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fossil fuel emissions so practically if

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we do not curb our carbon emissions eu

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will impose carbon tax on us and someone

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else might beat us in steel export this

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is the reason why there is a dire need

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to decarbonize the steel industry of

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india and to shift from gray and blue

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hydrogen to green hydrogen for this i'll

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attach a detailed report in the

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description that will actually help you

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understand the technicalities and the

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exact figures of when and how this

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decarbonization will be achieved

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and this brings me to the third

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important industry that we have in india

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which is the chemical industry for this

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again i'll attach a document link in the

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description because this explanation is

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too technical unless you study too

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seriously for your iit entrance or else

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it will just be information overload for

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you but in short if you want to

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understand this the concept is very

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simple blue and gray hydrogen are

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supposed to be replaced by green

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hydrogen which is expected to happen

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with the evolution of solar and wind

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energy and this is merely because of the

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cost of green hydrogen similarly

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hydrogen also has immense application in

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oil refinery glass production propellant

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fuel semiconductors and a lot more this

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is the reason why green hydrogen is

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super important not just for india but

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every single country on the planet and

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whoever manages to crack the code of

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green hydrogen will go on to become a

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net exporter eventually that country

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will go on to command an extraordinary

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power in the global politics now the

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question is considering the fact that

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green hydrogen is super important for

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the world should you just directly go

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out there and invest in green hydrogen

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stocks

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well not really and this brings me to

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the most important part of the episode

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and that is what are the factors that

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you need to consider as investors which

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will pose as hurdles for the adoption of

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green hydrogen so that you can make an

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informed decision about investing into

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green hydrogen related stocks before we

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move on i want to thank our partners

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deserve for supporting our content

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people india has one of the greatest

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wealth inequalities in the world a major

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reason for this is the ownership of

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growth assets even among affluent

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indians the ownership to assets outside

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of real estate and fixed deposits is

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extremely limited our current investing

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strategies which are built around

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managing and beating inflation will not

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help us bridge this gap

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unless capital grows meaningfully it

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will not help you live the life that you

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truly deserve people tend to take

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investment advices from family

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colleagues or the internet and end up

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making ad hoc investments on social

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media there are too many opinions on how

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to invest and where to invest and most

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of this information might not even be

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right for you and because of this you

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end up making sub optimal choices

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yourself and while listening to these

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random advices people don't understand

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what information are they actually

play13:20

putting their money in and even if that

play13:22

information is right people don't

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understand if that information is

play13:24

correct for them their portfolio or even

play13:26

their risk appetite so there is really

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no one to run up to if things go wrong

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as a result your hard earned money is at

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extreme risk so with the demands of a

play13:35

full-time career and a successful job is

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it really possible to grow your wealth

play13:39

yourself

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well this is where deserve comes in

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wherein they have created a unique

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integrated portfolio approach to bring

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their members investment portfolio

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personalized to your investment style

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and your risk appetite the ipa is built

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by experts who have decades of

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experience over market cycles and is

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based on modern portfolio science and it

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is dynamic so if the markets change your

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portfolio adopts to that change and

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dessert members also get exclusive

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opportunities such as pre-ipo deals

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global investments and high yield debts

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which are vetted and analyzed by experts

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before they're actually brought to the

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market and just like you have doctors to

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get medical help teachers for learning

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with deserve you get experts to invest

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for you so if this sounds useful to you

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go ahead use the link in the description

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and apply for access moving on to the

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hurdles of hydrogen adoption the first

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and foremost factor that you need to

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consider is the cost of green hydrogen

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which is extremely high in case of

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transportation the cost per kilometer of

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hydrogen fuel is at the moment close to

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three times more than lithium ion and

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since hydrogen has more application for

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commercial transportation like buses

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trains and trucks it is a little far

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away from reality as of now because it

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is not viable yet the most important

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word over here is yet because with the

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increase in production research and

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government incentives combined it is

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expected to drastically bring down the

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cost of green hydrogen in the next five

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years so keep an eye on the cost and

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then make your decision about

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investments now as far as the steel

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industries are concerned just like in

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transportation green hydrogen right now

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costs 500 rupees per kg whereas grey

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hydrogen only costs 150 rupees per kg so

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according to multiple sources and

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research journals green steel is

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expected to become viable only till 2013

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and that too is an optimistic estimate

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secondly just like lithium ion batteries

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use lithium and cobalt which are

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extracted at the cost of the environment

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hydrogen fuel cells need platinum and

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iridium which are again rare metals and

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will need a lot of digging and harming

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the environment so very soon there is a

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very good possibility that we will see

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alternative metals or alloys that will

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come as a breakthrough for green

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hydrogen applications so keep an eye on

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any kind of substitute for green

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hydrogen for platinum or iridium thirdly

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the storage of green hydrogen is a big

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big problem for which i'll attach a link

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in the description to help you

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understand it better and last and most

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importantly there is something called

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round trip efficiency of hydrogen which

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currently stands at just 40 to 50

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percent which means if you get 100

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joules of energy converted from power to

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hydrogen and then back to power you will

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get only 40 to 50 joules of energy with

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the rest of it being lost in the process

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so practically 50 to 60 of your energy

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is going to be lost in the process of

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going from power to hydrogen and then

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back to power so this area will need a

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lot of improvement and as an investor i

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am just hoping that the indian tycoons

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will manage to crack the code of green

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hydrogen because right now being an

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exporter of green hydrogen is a fast

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track into the big leagues of

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geopolitics

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that's all from my side of today guys if

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you learned something available please

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make sure to the like button or to make

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youtuber happy and for more such

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insightful business and political case

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studies please subscribe to our channel

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thank you so much for watching i will

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see you in the next one bye bye

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[Music]

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Related Tags
Green HydrogenRenewable EnergyIndiaSustainabilityTransportationSteel IndustryClimate ChangeInvestment InsightsEnergy EfficiencyHydrogen Economy