In Short : The Solar Energy Corporation of India (SECI) has signed a Memorandum of Understanding (MoU) to advance green hydrogen initiatives. This collaboration aims to accelerate the adoption of green hydrogen technology in industries, transportation, and energy storage. It underscores SECI’s commitment to achieving India’s renewable energy and decarbonization goals, fostering a cleaner, sustainable energy ecosystem.
In Detail : Solar Energy Corporation of India Ltd (SECI), under Ministry of New and Renewable Energy, signed a MoU with H2Global Stiftung to establish a collaborative framework to promote Green Hydrogen initiatives. This aims to enhance knowledge exchange on market-based mechanisms and foster cooperation between India and importing countries, thereby contributing to the global advancement of the green hydrogen economy.
The MoU was signed by Shri Sanjay Sharma, Director (Solar), SECI, and Dr. Susana Moreira, Executive Director, H2Global, on 19th November 2024 in the esteemed presence of Mr Timo Bollerhey, CEO (HintCo), Mr Markus Exenberger, Executive Director (H2 Global Foundation), Shri Prashant Kumar Singh, Secretary (MNRE), Shri Abhay Bhakare, Mission Director (NGHM), Dr Prasad Chapekar, DS (MNRE) and Shri K R Jyothi Lal, ACS Kerala.
This collaboration offers India the opportunity to work on joint tender design concepts, particularly in structuring joint tenders that aligns with India’s ambition to become export hub of Green Hydrogen and its derivatives. The cooperation may provide valuable insights into global hydrogen market dynamics, including trade logistics and stakeholder engagement, which can be instrumental in furthering India’s green hydrogen initiatives.
Under this agreement, SECI plans to work with stakeholders to identify opportunities for green hydrogen adoption in hard-to-abate sectors such as steel, cement, and chemicals. The initiative will also explore its use in energy storage systems and as a sustainable fuel for transportation, particularly in heavy-duty vehicles and aviation.
This MoU highlights SECI’s pivotal role in driving India’s renewable energy agenda. By championing green hydrogen initiatives, SECI aims to position India as a global leader in sustainable energy solutions, contributing to the nation’s ambitious target of achieving net-zero emissions by 2070.
