SECI and H2Global Join Forces for Green Hydrogen Advancement in India
Key Ideas
  • Hamburg-based H2Global and India's SECI signed a MoU to establish cross-border hydrogen collaboration and trade corridors for renewable hydrogen.
  • The partnership aims to support India's renewable energy targets and Europe's clean energy transition by enhancing knowledge exchange and market mechanisms.
  • The collaboration focuses on building a global market for renewable hydrogen and its derivatives, showcasing the potential of sustainable cross-border cooperation.
  • Executives from both organizations expressed optimism about the agreement, highlighting the opportunities for scaling up international trade in renewable hydrogen.
Hamburg-based H2Global and the Solar Energy Corporation of India (SECI) have formalized a partnership to advance green hydrogen collaboration. The memorandum of understanding (MoU), signed on November 19, aims to create international trade corridors for renewable hydrogen and its derivatives. This collaboration aligns with India's renewable energy goals and Europe's shift towards clean energy. The focus will be on sharing knowledge on market mechanisms and creating synergies to boost renewable hydrogen supply and demand. Susana Moreira, the Executive Director of H2Global, emphasized the transformative potential of cross-border collaboration in establishing a global market for renewable hydrogen. Similarly, Timo Bollerhey, CEO of Hintco, highlighted the agreement's significance in facilitating international trade in renewable hydrogen while strengthening cooperation between India and Europe. Overall, this partnership signifies a positive step towards a sustainable energy future, showcasing the opportunities for scaling up renewable hydrogen trade and fostering closer ties between regions.
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