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.