Green hydrogen has the potential to reshape where industrial production happens globally and let India monetize its renewable energy resources on international markets, according to a new commentary from Krishan Rattan, founding partner of global investment firm Terra Invest.

"India's sunshine could become part of an industrial product bought on the other side of the world," Rattan writes, noting that renewable electricity converted into hydrogen can, in turn, be converted into internationally traded goods such as ammonia or hydrogen-reduced iron.