Hygenco's Collaboration with Mitsubishi Power for Green Hydrogen-Fired Power Plants in India
Key Ideas
- Hygenco and Mitsubishi Power have signed an MoU to explore green hydrogen/ammonia-fired gas turbine combined cycle power plants in India and globally for sustainable development.
- The collaboration aims to supply green fuel for Mitsubishi Power's GTCC technology, focusing on scaled-up green hydrogen and ammonia production for a sustainable energy future.
- Partnership highlights Indo-Japan cooperation for energy security, emphasizing the importance of investing in green hydrogen and ammonia production for India's energy transition and environmental goals.
Hygenco Green Energies has signed a memorandum of understanding with Mitsubishi Power to explore the delivery of green hydrogen/ammonia-fired gas turbine combined cycle power plants in India and internationally. The collaboration aims to provide integrated solutions for sustainable development and reducing carbon emissions through advanced technology exchange and collaborative investments. JICA, represented by Saito Mitsunori, Chief Representative in India, expressed commitment to supporting green hydrogen technologies and highlighted the significance of international cooperation to address climate change. Hygenco will supply green fuel for Mitsubishi Power's GTCC technology, focusing on developing and deploying commercially viable green hydrogen and green ammonia production assets. The partnership also involves SBI Ventures Ltd, which manages the Neev II Fund investing in Hygenco, emphasizing the importance of green hydrogen and ammonia production for India's energy security, transition, and environmental goals. Mitsubishi Power is developing hydrogen and ammonia firing technologies to decarbonize existing GTCC plants globally. This collaboration signifies a strategic Indo-Japan partnership for fostering sustainable development and energy security.
Topics
Green Hydrogen
Energy Security
Investment
Energy Transition
Decarbonisation
Partnership
Sustainable Development
Environmental Goals
Technology Exchange
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