French engineering company Technip Energies has announced that it has signed a Memorandum of Understanding (MoU) with Indian renewable-energy player Greenko Group's ZeroC subsidiary to explore green hydrogen project development opportunities.
The newly formed alliance will explore green hydrogen opportunities across multiple sectors, involving India's refining, petrochemicals, fertiliser, chemical, and power plant sectors.
The companies will step up co-operative opportunities on a "build-own-operate" model, where Greenko will be the operator and owner of the asset, while Technip will provide support with engineering services, integration and engineering, procurement, and construction for pilot and commercial-scale green hydrogen and related projects.
Technip stated it brought its "hydrogen expertise", integration capabilities, EPC project management skills, and regional footprint to the partnership, while Greenko claims to have the "technological know-how", expertise, and assets in renewable energy, with its experience spanning solar, wind, and hydro.
"Energy Transition is key for India in its fight against climate change and quest for energy independence. Greenko has an established expertise and asset base in RE generation & storage alongside investments in electrolyser technology," Greenko ZeroC chief operating officer Gautam Reddy stated.
"With these strengths, our tie-up with a world-class engineering and technology company like Technip Energies enables the partnership to deliver optimal, expedited, large-scale carbon-neutral solutions that India needs."