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PTC India, Greenstat ink pact to develop green hydrogen solutions

Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of Norwegian energy company Greenstat ASA, PTC India said in a statement

The world’s third-largest carbon emitter put out a roadmap in February to become a hub for the production and export of green hydrogen -- made from water and renewable electricity. (Photo: Bloomberg)

Press Trust of India New Delhi
PTC India Ltd on Friday said it has signed a pact with Greenstat Hydrogen India Pvt Ltd to jointly develop green hydrogen solutions for Indian power market beneficiaries.
Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of Norwegian energy company Greenstat ASA, PTC India said in a statement.
"PTC India and Greenstat Hydrogen India have entered into a MoU with purpose of joint development of green hydrogen solutions for Indian power market beneficiaries. Under this MoU, both will jointly work towards development of green hydrogen projects in India," it said.
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," Rajib K Mishra, CMD, PTC India, said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 17 2022 | 11:40 PM IST

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