Technip Energies and Greenko ZeroC Private have inked an agreement to explore Green Hydrogen project development potential in India’s refining, petrochemicals, fertilizer, chemical, and power plant sectors in order to accelerate the country’s energy transition.
The MoU aims to facilitate active engagement between the Technip Energies India and Greenko teams in order to accelerate collaborative opportunities on a “Build-Own-Operate (BOO)” model – in which Greenko will serve as the BOO operator and owner of the asset, while Technip Energies will provide engineering services, integration, and EP/EPC – for pilot and commercial scale Green Hydrogen and related projects in India, in order to offer economically viable technology solutions to climate
Both parties bring complementary skills and value to the partnership – Technip Energies with its hydrogen expertise, integration capabilities, EPC project management capabilities, and regional footprint; and Greenko with its technological know-how, expertise, and renewable energy assets spanning solar, wind, and hydro.
Davendra Kumar, Senior Vice President Deputy One T.EN Delivery and MD India at Technip Energies, commented: “We strongly believe in collaboration to realize our Energy Transition objectives. Our strategic partnership with Greenko reinforces our commitment to deliver a low carbon future, leveraging decades of expertise in feasibility studies, EPC and technology know-how to support Green Hydrogen and associated projects.”
Gautam Reddy, COO, Greenko ZeroC, said: “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 electrolyzer technology. With these strengths, our tie-up with a world class Engineering & Technology company like Technip Energies enables the partnership to deliver optimal, expedited, large scale carbon neutral solutions that India needs.”