SECI Signs Agreement with H2Global Stiftung to Promote Green Hydrogen Initiatives
Key Ideas
- SECI and H2Global Stiftung signed an agreement to promote green hydrogen initiatives and enhance knowledge exchange in the market.
- The collaboration aims to strengthen cooperation between India and importing countries, contributing to the global advancement of the green hydrogen economy.
- This partnership offers India the opportunity to work on joint procurement ideas aligned with its goal to become a green hydrogen export hub.
- The collaboration could provide valuable insights into the functioning of the global hydrogen market, including trade and stakeholder participation.
Solar Energy Corporation of India Ltd (SECI), under the Ministry of New and Renewable Energy, has entered into an agreement with H2Global Stiftung to establish a cooperation framework to promote initiatives related to green hydrogen. The primary objective of this collaboration is to boost knowledge sharing on market-linked approaches and enhance collaboration between India and importing nations, thus supporting the international development of the green hydrogen economy. The agreement was signed by key representatives from both organizations and witnessed by notable officials on November 19, 2024. This partnership presents India with opportunities to engage in joint procurement concepts, specifically in organizing joint bids that align with India's aspiration to be a green hydrogen export center and its derivatives. By working together, India and H2Global Stiftung aim to gain valuable insights into the global hydrogen market operations, including aspects like product transportation and stakeholder engagement, which could significantly contribute to fostering green hydrogen projects in India and beyond.