Reminiscent of the billionaires’ space race in America, a similar contest has begun in India. It is the race to dominate green hydrogen, or GH2, which is increasingly getting to be known as the fuel of the future. This race is being dominated by the world’s two richest men: Mukesh Ambani and Gautam Adani. Massive investments have been promised, great intent expressed and hectic acquisitions initiated, with competition intensifying at each step.
Shades Of New Energy
As the world searches for new forms of clean energy to meet carbon emission cut targets, India does not want to miss the green hydrogen bus. Its two richest industrialists want to create independent ecosystems to produce the new fuel. What does this mean for India’s energy security and net-zero targets?