ONGC and PowerGrid Collaboration for Green Hydrogen and Clean Energy Projects in India
Key Ideas
  • ONGC and PowerGrid signed a MoU to collaborate on green hydrogen and clean energy projects, aligning with India's climate goals and the National Green Hydrogen Mission.
  • The partnership aims to reduce dependence on fossil fuels, promote a low-carbon economy, and accelerate India's transition to renewable energy sources.
  • ONGC's Energy Strategy 2040 includes targets like achieving 10 GW of renewable energy capacity by 2030 and net-zero carbon emissions for scope 1 and 2 by 2038.
  • The collaboration signifies a significant step towards a cleaner energy future and demonstrates a commitment to sustainability and decarbonization.
ONGC and PowerGrid Corporation have signed a Memorandum of Understanding (MoU) to work together on green hydrogen and clean energy projects in India. This collaboration, announced in New Delhi, reflects the commitment of both companies to drive sustainable energy growth and support India's climate goals. By reducing reliance on fossil fuels and promoting a low-carbon economy, the partnership is in line with the National Green Hydrogen Mission (NGHM) program. ONGC's Energy Strategy 2040 sets ambitious targets for renewable energy, aiming to achieve 10 GW of capacity by 2030 and reach net-zero carbon emissions for scope 1 and 2 by 2038. The partnership between ONGC and PowerGrid signifies a significant milestone in ONGC's pursuit of these goals, as they diversify into renewable energy sectors such as solar, wind, and green hydrogen. This collaboration is highlighted as a crucial step towards a cleaner energy future, emphasizing sustainability and decarbonization. Such partnerships are seen as vital in shaping India's energy future, ensuring a sustainable and prosperous pathway for the country's development.
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