Hydreen, a subsidiary of the Luxembourg-based cruise liner company HLC Holdings, recently disclosed a plan to invest $2 billion in India's expanding green hydrogen sector.

Two initiatives will be started as part of the programme in Kerala and Himachal Pradesh.

This large financial investment demonstrates Hydreen's commitment to promoting green hydrogen as a workable and environmentally responsible energy source in India.

Green hydrogen is a clean and adaptable fuel option for a variety of industries, including transportation, manufacturing, and energy production.

It is created through electrolysis using renewable energy sources like solar and wind energy.

The goal of Hydreen is to support India's transition to a low-carbon economy and reduce the country's reliance on fossil fuels by channelling investments towards the green hydrogen sector in that country.

The ongoing projects in Himachal Pradesh and Kerala will contribute significantly to shaping a robust green hydrogen ecosystem in the country.

India’s ambitious renewable energy objectives entail achieving 450 GW of renewable energy capacity by 2030. Green hydrogen is poised to play a pivotal role in realizing these ambitions while concurrently curbing carbon emissions.