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Private Markets Inf

Green Hydrogen &
The H2
Economy.

Strategic intelligence across green hydrogen production, electrolysers, hydrogen storage and transport, industrial offtake, green ammonia, and hydrogen mobility — for electrolyser companies, energy majors, industrial off-takers, project developers, and investors building the hydrogen economy that energy transitions ultimately require.

50+
Green hydrogen engagements
8yr
Sector experience
8
H2 markets covered
$1.1B
Decisions supported
Coverage Areas

Every segment of the
hydrogen value chain.

01 · Electrolyser Technology

Electrolysers & Green H2 Production

Electrolyser technology competitive landscape, alkaline vs PEM vs AEM cost trajectories, green hydrogen production economics, and competitive intelligence for electrolyser manufacturers and project developers evaluating India's National Green Hydrogen Mission.

Electrolyser competitiveAlkaline vs PEM costsProduction economics
02 · Hydrogen Storage & Transport

H2 Compression, Storage & Distribution

Hydrogen compression technology benchmarking, liquid hydrogen storage economics, pipeline feasibility for blending, and market intelligence for hydrogen infrastructure companies targeting the storage and transport infrastructure gap.

Compression benchmarkingLH2 storage economicsPipeline feasibility
03 · Industrial Offtake

Fertiliser, Refining & Steel H2 Demand

Industrial green hydrogen offtake intent, willingness to pay premium above grey hydrogen, offtake contract structure, and competitive intelligence for developers targeting India's large fertiliser, refining, and steel industrial hydrogen demand.

Industrial offtake intentWTP premiumContract structure
04 · Green Ammonia & E-Fuels

Green Ammonia, Methanol & SAF

Green ammonia production economics, maritime bunker fuel demand, export market access for Indian green ammonia, and competitive intelligence for green ammonia producers evaluating India-to-Europe and India-to-Japan trade corridors.

Ammonia economicsMaritime bunker demandExport market access
05 · Hydrogen Mobility

FCEV, H2 Buses & Commercial Fleet

Fuel cell vehicle adoption by fleet segment, H2 refuelling station economics, hydrogen bus programme intelligence, and competitive landscape for hydrogen mobility companies targeting India's heavy commercial vehicle electrification market.

FCEV adoptionRefuelling economicsH2 bus programmes
06 · NGHM Policy & Finance

National Green Hydrogen Mission & SIGHT

National Green Hydrogen Mission policy intelligence, SIGHT subsidy programme dynamics, green hydrogen financing landscape, and navigation intelligence for project developers and investors positioning for India's green hydrogen incentive architecture.

NGHM policy intelSIGHT dynamicsH2 financing

Questions we've answered for
green hydrogen clients.

These are actual questions clients bring to us — answered multiple times, across multiple geographies.

What is the real industrial offtaker appetite for green hydrogen at $3/kg, $2/kg, and $1.50/kg — and which industries have both the technical ability to switch from grey hydrogen and the board mandate to pay the current green premium?
We are an electrolyser manufacturer evaluating India manufacturing investment under the SIGHT scheme. Which technology — alkaline or PEM — has the most credible India manufacturing ecosystem, and what localisation is required to qualify for the full SIGHT incentive?
Our green hydrogen project has 500MW of committed renewables and government land, but no offtake. Tell us which fertiliser companies have genuine green hydrogen procurement intent, what price support they require, and what offtake duration they will commit to.
We are a GCC sovereign wealth fund evaluating a $400M green ammonia project in India. Tell us whether the production cost assumption is credible at scale, what the trade economics look like to Europe, and which competing geographies are pricing more aggressively for the same buyer.
Who will own India's green hydrogen production market in 2030 — the large Indian conglomerates, the global energy majors, or the specialised green hydrogen developers — and what project scale and offtake structure creates a bankable first mover position?
Our green hydrogen mobility pilot has 10 H2 buses operating in a port. The fuel cost is 3x diesel. Tell us at what production scale and policy support the economics reach parity, which port or mining application reaches parity first, and what the government programme requires.
Green Hydrogen Case Studies

Evidence of
decisions made better.

GH.01 · Industrial Offtake · India

Green H2 Offtake Intent: India Fertiliser Sector

Green hydrogen developer mapping India fertiliser sector offtake intent. NEO ran procurement head interviews across 8 major fertiliser producers, green premium WTP research, and offtake contract structure preference.

3 offtake partners engaged · Contract structure agreed
Read Case Study
GH.02 · Electrolyser Mfg · India

SIGHT Scheme Eligibility: Electrolyser Manufacturing

European electrolyser company evaluating India manufacturing under SIGHT. NEO ran supply chain localisation assessment, SIGHT eligibility verification, and manufacturing cost benchmarking.

Localisation plan approved · SIGHT eligibility confirmed
Read Case Study
GH.03 · Green Ammonia · Investment

$350M Green Ammonia Project: Market Intelligence

GCC investor evaluating India green ammonia export project. Production economics verification, European buyer WTP research, and competing geography benchmarking.

Project economics confirmed · EU offtake term sheets initiated
Read Case Study
Green Hydrogen Intelligence

Latest green hydrogen
thinking.

Market Report

India's National Green Hydrogen Mission: SIGHT Dynamics, Industrial Offtake Reality, and the Production Cost Trajectory That Determines When the Market Becomes Commercial

March 2026
Strategy Brief

Green Ammonia from India: Export Market Access, Production Cost Benchmarks, and the Trade Route Economics Determining Whether South Asia Can Compete With Australia and MENA

February 2026
Due Diligence Note

Green Hydrogen Project DD: Offtake Contract Enforceability, Production Cost Assumptions, and the Subsidy Dependency That Rewrites the IRR When Policy Changes

December 2025
Green Hydrogen Practice Leadership

The team behind
the intelligence.

PP
Partner & Green Hydrogen Practice Lead
Prakash Pillai

16 years in clean energy and green hydrogen strategy. Led 35+ project feasibility, market entry, and offtake intelligence mandates for electrolyser companies, green hydrogen developers, and energy transition investors across South Asia and the GCC.

SC
Director — H2 Production & Offtake
Sneha Chatterjee

12 years of electrolyser technology benchmarking, offtake contract intelligence, and SIGHT subsidy landscape analysis for India green hydrogen developers and equipment manufacturers.

AK
Director — Green Ammonia & Mobility
Aditya Kumar

10 years in green ammonia and hydrogen mobility intelligence. Specialist in ammonia export market access, FCEV adoption analysis, and hydrogen infrastructure economics.

A green hydrogen decision
you need to get right.
Brief the Green Hydrogen Practice →

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