Greenstat Hydrogen India Pvt Ltd and PTC India Ltd have inked an agreement to jointly develop green hydrogen solutions for Indian power consumers.
Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of the Norwegian energy company Greenstat ASA, PTC India.
“PTC India and Greenstat Hydrogen India have entered into a Memorandum of Understanding with the purpose of jointly developing green hydrogen solutions for Indian power market beneficiaries. ” Under this MoU, both parties will work together to develop green hydrogen projects in India.
A feasibility study and/or project management services will be provided for developing green hydrogen solutions for India’s potential beneficiaries.
In addition, both PTC and GHIPL will work to identify opportunities for the development of a green hydrogen center of excellence 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.
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