ACME and IGL Collaborate to Explore Green Hydrogen Business Opportunities in New Delhi
Key Ideas
  • ACME and IGL signed an MoU to explore Green Hydrogen opportunities together, focusing on adoption among customers and setting up production facilities.
  • The partnership aims to blend Green Hydrogen into IGL's existing gas pipeline network, serving households, industries, commercial setups, and CNG for vehicles.
  • Both companies will collaborate on policy matters to facilitate long-term commitments from customers for Green Hydrogen and Green Ammonia.
  • The Indian government's incentives for Green Hydrogen production are expected to enhance the commercial viability of these initiatives in the future.
ACME, a diversified renewable energy company, and IGL, a leading City Gas Distribution Company, have recently signed an MoU to jointly explore the potential business opportunities of Green Hydrogen. The agreement includes plans for setting up hydrogen production facilities and integrating electrolyzers to blend Green Hydrogen into IGL's gas pipeline network. ACME and IGL will work together to promote the adoption of Green Hydrogen among customers in India. The collaboration also aims to address policy issues to incentivize long-term commitments towards Green Hydrogen and Green Ammonia. Both companies see mutual benefits in this partnership, leveraging ACME's expertise and IGL's established network for delivering green energy. IGL's previous initiative of operating a Hydrogen Enriched Compressed Natural Gas (H-CNG) pilot project in Delhi has laid the foundation for further exploration of Green Hydrogen in the automotive sector. The Indian government's recent incentives for Green Hydrogen production are seen as a positive step towards achieving commercial viability for Green Hydrogen and Green Ammonia projects. This collaboration signifies a strategic move towards sustainable energy solutions and business diversification in alignment with the companies' visions and government initiatives.
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