PTC India Ltd has agreed to collaborate with Greenstat Hydrogen India Pvt Ltd to create green hydrogen solutions for the Indian power sector. Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of Greenstat ASA, a Norwegian energy corporation.
“PTC India and Greenstat Hydrogen India have signed a Memorandum of Understanding (MoU) to collaborate on the development of green hydrogen solutions for Indian power sector beneficiaries. Both parties will collaborate on the development of green hydrogen projects in India under the terms of this agreement “It was stated.
Feasibility studies and/or project management services for green hydrogen solutions to potential users in India are among the areas of development.
Both PTC and GHIPL will strive to discover the potential for the creation of a green hydrogen facilitation center of excellence in India.
“Green hydrogen has enormous potential to fulfill future energy needs while also assisting in the transition to a net-zero economy. PTC and Greenstat will play a key role in the adoption of green hydrogen in India as a result of this collaboration “PTC India’s CMD, Rajib K Mishra, stated.
Greenstat Hydrogen India has formed partnerships with major Indian corporations and assembled a number of consortia to compete in contracts for upcoming demo/pilot projects in India. Greenstat Hydrogen India sees a lot of potential in acquiring a significant role in the hydrogen sector with its partners. When future regional expansions are feasible, India will become a hub.
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