Solar Energy Corporation of India Ltd (SECI), under the Ministry of New and Renewable Energy, signed a MoU with H2Global Stiftung to establish a collaborative framework to promote green hydrogen initiatives.

This aims to enhance knowledge exchange on market-based mechanisms and foster cooperation between India and importing countries, thereby contributing to the global advancement of the green hydrogen economy.

The MoU was signed by Sanjay Sharma, Director (Solar), SECI and Dr. Susana Moreira, Executive Director, H2Global, on 19th November 2024 in the esteemed presence of Timo Bollerhey, CEO, HintCo; Markus Exenberger, Executive Director, H2 Global Foundation; Prashant Kumar Singh, Secretary, MNRE; Abhay Bhakare, Mission Director, NGHM; Dr. Prasad Chapekar, DS, MNRE; and K. R. Jyothi Lal, ACS, Government of Kerala.

This collaboration offers India the opportunity to work on joint tender design concepts, particularly in structuring joint tenders that aligns with India’s ambition to become an export hub of green hydrogen and its derivatives. The cooperation may provide valuable insights into global hydrogen market dynamics, including trade logistics and stakeholder engagement, which can be instrumental in furthering India’s green hydrogen initiatives.