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India Unveils Hydrogen Plan to Speed Shift From Fossil Fuels

  • Government aiming to lure new investment in clean energy
  • Billionaires Ambani and Adani already have hydrogen plans
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India unveiled its hydrogen roadmap, offering incentives for investors to produce the fuel at low costs and help the nation shift away from its reliance on fossil fuels.

The first part of the plan announced Thursday offers free transmission of renewable electricity from one state to the other for the production of hydrogen and ammonia, helping drive down costs for an industry that’s already winning support from billionaires like Mukesh Ambani and Gautam Adani.