Companies join hands to develop large scale green hydrogen solutions

National Investment and Infrastructure Fund (NIIF) backed Ayana Renewable Power (Ayana) and Norway based Greenstat ASA’s subsidiary Greenstat Hydrogen India, have entered into a Joint Development Agreement for development of green hydrogen projects powered by renewable energy in India. Under this partnership, the companies will develop large scale green hydrogen solutions, to provide long term supply of green hydrogen to industrial and commercial customers in India. An initial pilot project will be launched in Karnataka.

This partnership supports the National Hydrogen Mission with an aim to make India a global hub for production, and export of green hydrogen.

Mr. Shivanand Nimbargi, CEO & MD, Ayana added: “By 2050, India aims to produce three fourth of its hydrogen from renewable energy source. Ayana and Greenstat being specialists in their respective domains, carry the right expertise to facilitate this growth.”

Commenting on the collaboration, Mr. Sturle Pedersen, Chairman of Greenstat Hydrogen India said: “It is with great joy and expectations that Greenstat looks forward to a long-term and fruitful collaboration with Ayana. Together, we strongly believe that strong measures are needed to succeed in the transition from fossil to renewable energy, and green hydrogen molecules will be a key factor in the energy transformation. We strongly believe that cooperation between our companies will have significant contribution to this green shift.”