Technip Energies, Greenko Partner to Accelerate Green Hydrogen Development in India
PARIS — Technip Energies and Greenko ZeroC Private Ltd. have signed a memorandum of understanding (MoU) to explore green hydrogen project development opportunities across industries including refining, petrochemicals, fertilizer, chemical and power plant sectors in India to accelerate energy transition in the country.
The MoU aims to facilitate active engagement between the teams of Technip Energies in India and Greenko to step up collaborative opportunities on a “Build-Own-Operate (BOO)” model — in which Greenko will be the BOO operator and owner of the asset and Technip Energies will support with engineering services, integration, and EP/EPC — for pilot and commercial scale green hydrogen and related projects in India in order to offer economically feasible technology solutions to clients.
Both entities bring complementary skills and added-value to this partnership — Technip Energies with its Hydrogen expertise, Integration capabilities, EPC project management skills and regional footprint, and Greenko with its technological know-how, expertise, and assets in renewable energy, which span solar, wind and hydro.
“Energy Transition is key for India in its fight against climate change and quest for energy independence,” Gautam Reddy, COO of Greenko ZeroC, said. “Greenko has an established expertise and asset base in RE generation and storage alongside investments in electrolyzer technology. With these strengths, our tie-up with a world class engineering and technology company like Technip Energies enables the partnership to deliver optimal, expedited, large scale carbon neutral solutions that India needs."
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