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The 11th edition of India Energy Storage Week (IESW) 2025, organized by the India Energy Storage Alliance (IESA), commenced today with a grand inaugural ceremony at IICC Yashobhoomi, New Delhi. A major highlight of the event was the launch of the IESA Market Reports, which project that India’s green hydrogen demand will reach 8.8 million metric tons per annum (MTPA) by 2032, growing at a CAGR of 3%.
Despite announcements of over 9 MTPA green hydrogen projects, only a few have reached Final Investment Decision (FID) or secured long-term offtake agreements from domestic or international markets. According to the report, if 30% of the announced capacity is commissioned in the next decade, electrolytic and bio-hydrogen could meet around 31% of domestic demand by 2032.
Speaking at the event, Dr. Ajay Mathur, Ex-DG, International Solar Alliance and Professor, IIT Delhi, stated: “IESW 2025 is a reflection of the collective aspirations of the battery and storage community. It brings together professionals from across sectors to share innovations, insights, and learnings.”
Dignitaries present at the ceremony included Malini Dutt (Trade and Investment Commissioner – NSW Government), Manish Sharma (Chairman, Panasonic), Stephen Fernands (Founder, CES), Vinayak Walimbe (MD, CES), Debmalya Sen (President, IESA), and over 200 global energy leaders.
The report also sheds light on progress under the National Green Hydrogen Mission (NGHM), highlighting schemes where calls for proposals, bidder selection, and fund disbursement have begun. The highest allocations are seen in GH2 production (Tranches 1 & 2), electrolyzer manufacturing, and green ammonia tenders under the SIGHT initiative. Notably, Odisha (38%), Gujarat (26%), Karnataka (12%), and Andhra Pradesh (6%) account for 82% of the announced GH2 projects, with 72% targeting ammonia production.
Vinayak Walimbe, MD of CES, remarked:“Despite robust policy interventions, the path to decarbonization faces challenges. The IESA India Hydrogen Report is crucial in guiding policymakers and industry leaders toward faster, more informed decisions.”
The report notes that the cost of hydrogen from fossil fuels in India is nearly twice the $1/kg benchmark. The Levelized Cost of Hydrogen (LCOH) for green hydrogen is estimated to be 2 to 4 times higher in base cases, and 1.5 to 2.5 times higher in optimistic scenarios, mainly due to storage, transportation, CAPEX, and regulatory limitations on renewable energy access for industrial consumers.
Debmalya Sen, President of IESA, stated,“With strong government support, IESW 2025 will act as a catalyst in advancing India toward its target of 5 MTPA green hydrogen production by 2030. The platform will inspire global collaboration and innovation in clean energy technologies.”
IESW 2025 brings together representatives from 20+ countries, showcasing over 300 product innovations in EVs, solar, battery storage, charging infrastructure, and green hydrogen. The three-day event will also feature 7+ new factory/product announcements and highlight cutting-edge technologies like lithium-ion, lithium-sulfur, and sodium-ion batteries.
