French engineering company Technip Energies has partnered up with India’s renewable energy company Greenko to accelerate green hydrogen development in India.
Therefore, the parties signed a memorandum of understanding (MoU) to explore green hydrogen project development opportunities across industries. These specifically cover refining, petrochemicals, chemical, and power plant sectors in India to accelerate the energy transition in the country.
So, the MoU aims to facilitate active engagement between the teams of Technip Energies in India and Greenko. They are to collaborate on a build-own-operate (BOO) model for pilot and commercial scale green hydrogen and related projects.
Greenko will be the BOO operator and owner of the asset. On the other hand, Technip will support with engineering services, integration, and EP/EPC. The ultimate goal is to offer economically feasible technology solutions to clients in regards to green hydrogen.
Both companies bring complementary skills and added value to this partnership; Technip with its H2 expertise, EPC project management skills, and regional footprint, and Greenko with its assets in renewable energy.
Davendra Kumar from Technip Energies said: “ We strongly believe in collaboration to realize our energy transition objectives. Our strategic partnership with Greenko reinforces our commitment to deliver a low carbon future .. .”
Gautam Reddy , COO of Greenko, also added: “ Energy transition is key for India in its fight against climate change and quest for energy independence. Greenko has an established expertise and asset base in RE generation & storage alongside investments in electrolyzer technology. With these strengths, our tie-up with . ..) Technip Energies enables the partnership to deliver optimal, expedited, large-scale carbon neutral solutions that India needs.”