GIZ and Thyssenkrupp Nucera Partner to Accelerate Green Hydrogen and Power-to-X Markets in India

GIZ And Thyssenkrupp Nucera Have Teamed Up To Accelerate The Growth Of Green Hydrogen And Power-To-X Markets In India

GIZ and thyssenkrupp nucera launched a partnership at India Energy Week in Goa to accelerate India's green hydrogen and PtX markets. The collaboration merges international development efforts with private-sector expertise to develop the country's hydrogen value chain.

Primary Strategic Goals

The H2Uppp cooperation accelerates the global energy transition by pairing German technical expertise with India's massive renewable energy potential and industrial growth. This partnership fosters green hydrogen market development while securing strategic opportunities for German industry. As a rapidly expanding economy, India is central to the global energy transition. This partnership provides a detailed assessment of India’s growing green hydrogen sector.

According to Towards Chem&Materials, the green hydrogen market size accounted for USD 12.85 billion in 2025 and is predicted to increase from USD 17.82 billion in 2026 to approximately USD 337.37 billion by 2035, expanding at a CAGR of 38.65% from 2026 to 2035 as demand from chemical, steel, and transportation sectors is increasing rapidly across the globe.

Industrial Decarbonization Demand Accelerates the Green Hydrogen Market

• Increasing product demand from the chemical, steel, and transportation sectors to minimize their carbon footprint is the major factor driving market expansion.
• Rising awareness and corporate investments in green energy are fuelling the replacement of fossil fuels, with green hydrogen predicted to replace them soon.
• Ongoing advancements in PEM (Polymer Electrolyte Membrane) and other technologies are enhancing efficiency and lowering overall manufacturing costs.
• Proactive government policies like infrastructure funding, production tax credits, and regional clean energy hubs are substantially de-risk investments.