Mitsubishi Power and Hygenco Green Energies Collaborate on Green Hydrogen and Ammonia Production Assets
Key Ideas
- Mitsubishi Power and Hygenco Green Energies partner under the Japan International Cooperation Agency to explore green hydrogen and ammonia-fired gas turbine power plants.
- The collaboration aims to leverage Mitsubishi's GTCC technology and Hygenco's green fuel to develop commercially viable green hydrogen and ammonia production assets.
- JICA's investment in the NEEV II Fund, managed by SBI Ventures Limited, supports this initiative in line with India's National Green Hydrogen Mission.
- Key stakeholders emphasize the importance of green hydrogen and ammonia production in enhancing India's energy security and meeting environmental objectives.
Mitsubishi Power and Hygenco Green Energies have signed an agreement, facilitated by the Japan International Cooperation Agency (JICA), to explore the development of green hydrogen/ammonia-fired gas turbine combined cycle (GTCC) power plants in India and globally. The collaboration aims to combine Mitsubishi's innovative GTCC technology with Hygenco's supply of green fuel to create commercially viable green hydrogen and ammonia production assets. This initiative aligns with India's National Green Hydrogen Mission and is supported by JICA's investment in the NEEV II Fund, managed by SBI Ventures Limited. The partnership signifies a step towards decarbonizing power generation and transitioning to a sustainable energy future. Key stakeholders, including JICA India, Hygenco Green Energies' CEO Amit Bansal, and SBI Ventures Limited's MD & CEO Prem Prabhakar, highlight the significance of investing in green hydrogen and ammonia production for India's energy security and environmental goals. They emphasize the transformative impact of such collaborations in tackling climate change and fostering sustainable growth.