SECI MoU to Advance Green Hydrogen initiatives

On 19th November 2024, the Solar Energy Corporation of India Ltd (SECI), under the Ministry of New and Renewable Energy (MNRE), signed a significant Memorandum of Understanding (MoU) with H2Global Stiftung. This partnership aims to promote Green Hydrogen initiatives, enhance knowledge exchange on market mechanisms, and foster cooperation between India and international stakeholders. 

Date and Event

• MoU signed on 19th November 2024.
• The signing took place in the presence of key officials from SECI, H2Global Stiftung, and the Ministry of New and Renewable Energy (MNRE).

Signatories

• Shri Sanjay Sharma, Director (Solar), SECI.
• Dr. Susana Moreira, Executive Director, H2Global.
• Key figures present: Mr. Timo Bollerhey (CEO, HintCo), Mr. Markus Exenberger (Executive Director, H2 Global Foundation), Shri Prashant Kumar Singh (Secretary, MNRE), and others.

Purpose of the MoU

• To establish a collaborative framework for Green Hydrogen initiatives.
• Promote knowledge exchange on market-based mechanisms.
• Enhance cooperation between India and importing countries for the development of green hydrogen.

Focus Areas

• Joint Tender Design: India will work on designing joint tenders for Green Hydrogen projects that align with the country’s ambition to become a global export hub for Green Hydrogen and its derivatives.
• Global Market Insights: The collaboration will help India gain insights into the global hydrogen market, including aspects such as trade logistics and stakeholder engagement.

Expected Impact

• The MoU aims to contribute significantly to the advancement of the global green hydrogen economy.
• Provide India with the opportunity to lead in the green hydrogen export sector.
• Strengthen India’s green energy leadership by aligning with global market dynamics and best practices.

Summary/Static	Details
Why in the news?	SECI MoU to Advance Green Hydrogen initiatives
Partnership	SECI (Solar Energy Corporation of India Ltd) and H2Global Stiftung
Date of MoU	19th November 2024
Purpose	Promote Green Hydrogen initiatives and foster international cooperation
Objective	Enhance knowledge exchange on market mechanisms, trade logistics, and stakeholder engagement
Key Areas of Collaboration	– Joint tender design concepts – Structuring joint tenders aligned with India’s ambition to become a Green Hydrogen export hub
Expected Outcomes	– Support India’s Green Hydrogen initiatives – Provide insights into global hydrogen market dynamics, logistics, and trade
Strategic Importance	Facilitates India’s role in the global Green Hydrogen economy while advancing the nation’s renewable energy goals.
Stakeholders Involved	– Shri Sanjay Sharma (Director, SECI) – Dr. Susana Moreira (Executive Director, H2Global) – Mr. Timo Bollerhey (CEO, HintCo) – Mr. Markus Exenberger (Executive Director, H2Global Foundation) – Shri Prashant Kumar Singh (Secretary, MNRE) – Shri Abhay Bhakare (Mission Director, NGHM) – Dr. Prasad Chapekar (DS, MNRE) – Shri K R Jyothi Lal (ACS Kerala)