TKIL Industries Expands into Green Hydrogen Production with Sohhytec SA Acquisition
Key Ideas
  • TKIL Industries acquires stake in Sohhytec SA to produce green hydrogen directly from solar energy, enabling pressurized hydrogen production and infrastructure setup for vehicle refueling.
  • Collaboration with oil marketing companies for hydrogen-based retail facilities and discussions with automobile manufacturers and steel plants to promote usage of green hydrogen.
  • Sohhytec's unique technology allows modular and off-grid production of green hydrogen using sun rays, facilitating entry into the green hydrogen segment for TKIL.
  • TKIL aims to explore additional areas like green hydrogen production as part of its expansion strategy.
TKIL Industries, formerly Thyssenkrupp Industries India, has acquired a stake in Swiss company Sohhytec SA to leverage its technology for producing green hydrogen using solar energy. This move allows TKIL to not only produce pressurized hydrogen but also establish the necessary infrastructure for storing and refueling vehicles. The company's CEO, Vivek Bhatia, highlighted ongoing discussions with oil marketing companies for hydrogen retail facilities and collaborations with automobile manufacturers to enable vehicles to run on hydrogen. Additionally, TKIL is exploring partnerships with steel plants and other industries to promote the use of green hydrogen for various applications. Sohhytec's innovative technology offers a unique approach to green hydrogen production, utilizing sun rays in a modular and off-grid setup. This characteristic allows for easy installation in remote locations with minimal land requirements, opening up possibilities for TKIL to expand its presence in the green hydrogen market. The company's strategic focus on green hydrogen aligns with the growing trend towards renewable energy solutions. TKIL's acquisition of Sohhytec signifies a step towards sustainable energy practices and signifies the company's commitment to environmental responsibility. With plans to venture into multiple areas related to green hydrogen production, TKIL is set to play a significant role in promoting eco-friendly energy solutions in the future.
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