PTC India, Greenstat join forces for developing green H2 solutions in India
PTC India Ltd has announced that it has signed a pact with Greenstat Hydrogen India Pvt Ltd to mutually develop green hydrogen solutions for Indian power market beneficiaries.
Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of Norwegian energy company Greenstat ASA, PTC India said in a declaration.
"PTC India and Greenstat Hydrogen India have entered into a MoU with the purpose of joint development of green hydrogen solutions for Indian power market beneficiaries. Under this MoU, both will jointly work towards the development of green hydrogen projects in India," it said.
The areas of development shall include feasibility studies and/or project management services for green hydrogen solutions to potential beneficiaries in India.
Both PTC and GHIPL will also work towards identifying opportunities for developing a centre of excellence for facilitating green hydrogen in India.
"Green hydrogen has huge potential to meet the future energy demand sustainably and support the transition to a net-zero economy. Under this association, PTC and Greenstat would play an important role in the adoption of green hydrogen in India," Rajib K Mishra, CMD, PTC India, said.