A strategic relationship between Hero Future Energies (HFE), a major developer of renewable energy projects, and Ohmium International, a leader in the design, manufacture, and deployment of PEM electrolysers, will see 1000 MW of Green Hydrogen produced in India, the UK, and Europe.
Ohmium will design, build, operate, and maintain the hydrogen production facilities. Hero Future Energies will build, operate, and own the assets, creating green energy to power the production facilities.
Commenting on this partnership, Srivatsan Iyer, Global CEO, Hero Future Energies said: “We are very pleased to partner with Ohmium – their patented electrolyser technology enables them to design and construct hydrogen production facilities faster and more efficiently than anyone else. By coupling Ohmium’s hydrogen expertise with HFE’s knowledge and experience as a Renewable Energy developer, we will meet and perhaps even exceed our ambitious target of 1000 MW”.
Arne Ballantine, CEO, Ohmium International continued: “This giga-scale effort between Hero Future Energies and Ohmium is going to advance the global Green Hydrogen landscape. Hero Future Energies is one of the leaders and innovators in renewable energy, with a proven track record of success. Together we’ll bring safe, secure and cost-effective green hydrogen energy to not only India, but also the world.”
Srivatsan Iyer, Global CEO, Hero Future Energies added: “This partnership will give a strong push to the development of a robust Green Hydrogen Ecosystem. As countries and businesses strive to achieve their net zero goals, Green Hydrogen can be a potential game changer, particularly when it comes to decarbonization in hard-to-abate sectors such as the mobility sector. This is a forward-looking partnership which is perfectly aligned with HFE’s vision as an integrated energy transition solutions provider. It will enable us to expand our international footprint as we penetrate new markets”.
Hydrogen is a critical component in steel and chemical manufacturing, fertilizer manufacturing, refineries, and a variety of other activities. Because the majority of hydrogen is produced using fossil fuels, it is a significant source of carbon dioxide. Green hydrogen on a cost-effective basis – zero-carbon hydrogen produced by water electrolysis utilizing renewable energy sources – is now conceivable due to recent cost reductions in renewable energy and Ohmium’s technology solutions.
To achieve its Net-Zero emission ambitions, the world must switch to Green Hydrogen. Taking advantage of this, India’s National Hydrogen Mission establishes the country as a world leader in large-scale production and export of Green Hydrogen. By 2050, India’s demand for hydrogen is expected to more than double to almost 28 MTPA.
