PTC India Ltd and Greenstat Hydrogen India Pvt Ltd have entered into an MoU with the stated purpose of “joint development of green hydrogen solutions for Indian power market beneficiaries”.
Under this MoU, both PTC India and Greenstat (a subsidiary of Norwegian Energy Company Greenstat ASA) will jointly work towards development of green hydrogen projects in India.
The areas of development shall include feasibility studies and/or project management services for green hydrogen solutions to potential beneficiaries in India.
Both PTC and GHIPL will also work towards identifying opportunities for development of a Centre of Excellence for facilitation of green hydrogen in India.
“Green Hydrogen has huge potential to meet the future energy demand sustainably and also support the transition to Net Zero economy. Under this association, PTC and Greenstat would play an important role in adoption of Green Hydrogen in India”, Dr. Rajib Kumar Mishra, CMD, PTC India said.
Commenting on the collaboration, Sturle Pedersen, chairman of Greenstat Hydrogen Indiasaid: “There is good synergy between Greenstat India and PTC. Greenstat looks forward to a long-term and fruitful collaboration with PTC and together we strongly believe that many innovative initiatives will be implemented to succeed in the transition from fossil to renewable energy, and green hydrogen will be a key factor in the energy transformation. We strongly believe that cooperation between our companies will have significant contribution towards India fulfilling its net-zero commitments and execute the strategy of “Panchamrit” or “five elixirs.”
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