PTC India, Greenstat Hydrogen India ink pact to develop green hydrogen solutions, Auto News, ET Auto

PTC India Ltd on Friday stated it has signed a pact with Greenstat Hydrogen India Pvt Ltd to collectively develop inexperienced hydrogen options for Indian energy market beneficiaries. Greenstat Hydrogen India Pvt Ltd (GHIPL) is a subsidiary of Norwegian vitality firm Greenstat ASA, PTC India stated in an announcement.

“PTC India and Greenstat Hydrogen India have entered right into a MoU with goal of joint improvement of inexperienced hydrogen options for Indian energy market beneficiaries. Beneath this MoU, each will collectively work in the direction of improvement of inexperienced hydrogen tasks in India,” it stated.

The areas of improvement shall embody feasibility research and/or venture administration companies for inexperienced hydrogen options to potential beneficiaries in India.

Each PTC and GHIPL may even work in the direction of figuring out alternatives for improvement of a centre of excellence for facilitation of inexperienced hydrogen in India.

“Inexperienced hydrogen has enormous potential to fulfill the long run vitality demand sustainably and in addition help the transition to web zero economic system. Beneath this affiliation, PTC and Greenstat would play an essential position in adoption of inexperienced hydrogen in India,” Rajib Okay Mishra, CMD, PTC India, stated.