Ayana Renewable, Greenstat Hydrogen India partners to accelerate H2 tech development
Ayana Renewable Power and Greenstat Hydrogen India have announced that they have signed a Memorandum of Understanding (MOU) to accelerate the hydrogen technology development in India. The goal of this partnership is to work together on developing projects for the production of green hydrogen.
The partnership between Ayana and Greenstat will accelerate the development of an Indian ecosystem for green hydrogen initiatives. The MOU brings together the development and operating proficiency of Ayana in India, along with the technical proficiency of the Greenstat Group.
Speaking on the collaboration, Shivanand Nimbargi, Managing Director and CEO, Ayana Renewable Power stated, "For India, Hydrogen presents a great potential opportunity as it will decrease reliance on fossil fuels and focus on sustainable sources of energy. We anticipate that our initiatives will support the National Hydrogen Mission, to fast-track India's decarbonization of grid and providing energy storage solutions for the industrial sector, and transportation sector over the next few years."
Sturle Pedersen, Chairman, Greenstat Hydrogen India, said "leading a broad representation of Norwegian cutting-edge expertise within the hydrogen sector, we are thrilled to be a part of this exciting journey together with Ayana Power, the Indian industry, R&D institutes, and the Indian government. Hydrogen is already a dominant part of the energy value chain worldwide; the challenge now is to revert the energy ecosystem into its natural evolution. Renewable energy must replace fossil fuels, preserve our habitat, and preserve our mobility. Hydrogen is the natural energy carrier representing a vital part of the sustainable energy solution together with sustainable battery manufacturing."