Business India ×
 Climate Change

Green Hydrogen
Published on: May 4, 2022, noon
Powering up green hydrogen
  • The partnership will provide long-term supply of green hydrogen to industrial and commercial customers in the country

By Business India Editorial

National Investment and Infrastructure Fund (NIIF)-backed Ayana Renewable Power and Norway-based Greenstat ASA’s subsidiary Greenstat Hydrogen India, have entered into a joint development agreement for development of green hydrogen projects powered by renewable energy in India. 

Under this partnership, the companies will develop large-scale green hydrogen solutions, to provide long-term supply of green hydrogen to industrial and commercial customers in the country. An initial pilot project will be launched in Karnataka.

The partnership supports the National Hydrogen Mission with an aim to make India a global hub for production, and export of green hydrogen.

Shivanand Nimbargi, CEO & MD, Ayana, said: “By 2050, India aims to produce three fourth of its hydrogen from renewable energy source. Ayana and Greenstat being specialists in their respective domains, carry the right expertise to facilitate this growth.”

Sturle Pedersen, chairman of Greenstat Hydrogen India, said: “We believe that measures are needed to succeed in the transition from fossil to renewable energy, and green hydrogen molecules will be a key factor in the energy transformation. We strongly believe that cooperation between our companies will have significant contribution to this green shift.”

Ayana Renewable Power, founded in 2018 and headquartered in Bangalore, is one of the largest renewable energy companies in India. It is a majority owned company of the NIIF. British International Investment (formerly CDC Group), the UK’s development finance institution, and EverSource Capital managed Green Growth Equity Fund (GGEF) are other shareholders in the platform.


Decarbonisation

US oil giant Chevron to invest $150m in London-based clean-tech firm

Carbon Clean gets a fillip

Published on May 17, 2022, 3:56 p.m.

US oil giant Chevron to invest $150m in London-based clean-tech firm

Hunger

The rise in average temperature is likely to impact agricultural production

Hunger looms large in India

Published on May 17, 2022, 3:33 p.m.

The rise in average temperature is likely to impact agricultural production

Cement

Adani Group bagging the deal is being seen as a major win for the conglomerate

Adani Group bags Ambuja Cements, ACC

Published on May 17, 2022, 3:13 p.m.

Adani Group bagging the deal is being seen as a major win for the conglomerate

Renewable Energy

The project worth Rs1,731crore is located in Rajasthan

Tata Power clinches 300 MW solar project

Published on May 17, 2022, 2:49 p.m.

The project worth Rs1,731crore is located in Rajasthan

E-MAGAZINE

Company Feature

Classrooms go live, thanks to Airtel

Published on April 5, 2022, 11:25 a.m.

Despite the pandemic, Bharti Foundation has ensured that children are not deprived of learning opportunities

Column

Collaborative excellence

Published on April 4, 2022, 8:53 p.m.

A policy perspective for meeting SDG-9 in low resource setting of developing economies

Column

Innovation and infrastructure

Published on April 4, 2022, 8:10 p.m.

India is well-positioned to become a model of corporate sustainability

Column

‘More for less’

Published on April 1, 2022, 10:12 p.m.

The merger of technology and SDGs – A game-changing win of the era