The Solar Energy Corporation of India Ltd (SECI) has signed an MoU with H2Global Stiftung to establish a collaborative framework to promote Green Hydrogen initiatives.
The new agreement 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.
SECI held that 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 between SECI and H2Global Stiftung 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.
The MoU was signed by Sanjay Sharma, Director (Solar), SECI, and Dr. Susana Moreira, Executive Director, H2Global, on 19th November 2024 in the esteemed presence of Timo Bollerhey, CEO (HintCo), Markus Exenberger, Executive Director (H2 Global Foundation), Prashant Kumar Singh, Secretary (MNRE), Abhay Bhakare, Mission Director (NGHM), Dr Prasad Chapekar, DS (MNRE) and KR Jyothi Lal, ACS Kerala.
Last year, the Central Government rolled out the National Green Hydrogen Mission with an outlay of Rs 19,744 crore from FY 2023-24 to FY 2029-30 with an overarching objective to make India a global hub for production, usage and export of Green Hydrogen and its derivatives. SECI is on the forefront of this mission.
Recently, SECI invited bids for the selection of green hydrogen producers to set up production facilities for green hydrogen in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Program (Mode-1-Tranche-II).
It has also invited proposals to identify an executing agency to set up Green Hydrogen Hubs under the National Green Hydrogen Mission.
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