The uncertainty behind green hydrogen is justified today because the industry is just not quite there yet. But from the long-term view, Rethink has always brought attention to the prospect of green hydrogen dropping in price. Recent investments into green ammonia plants like the ones made in India (total amount of $2.27 billion) are a good indication of the scale of present day demand of (grey) hydrogen that will have to be replaced by a sustainable alternative which will only contribute to learning curve improvements. The projects in question aim to increase the region’s ammonia production capacity by around four million tons per annum. One of the investments, valued at $1.51 billion, is led by Waaree, a prominent Indian solar…