India Hydrogen Alliance Expands Membership to Accelerate Hydrogen Economy Development
The India Hydrogen Alliance (IH2A) has added six new members, including Sumitomo Corporation India, Jindal Renewable Power, and Cochin Shipyard Limited, expanding its coalition to 26 stakeholders in hydrogen development. IH2A recently submitted two reports to the Indian government, proposing a $5 billion hydrogen hub plan and a $50 billion export report, and is working with state governments on large-scale projects.
The India Hydrogen Alliance (IH2A) has announced the expansion of its membership, welcoming six new members: Sumitomo Corporation India, Worley Limited, Jindal Renewable Power, HPCL-Mittal Energy Limited (HMEL), law firm Trilegal, and Cochin Shipyard Limited. This growth increases the coalition to 26 members, comprising 16 industry players and 10 partner organizations, representing significant global and Indian stakeholders across the hydrogen value chain.
The expansion comes on the heels of IH2A’s submission of two crucial documents to the Government of India: the $5 billion National Green Hydrogen Hub Economic Viability and Development Plan, and the $50 billion Hydrogen Equipment and Exports Potential Report. The alliance is currently collaborating with state governments to advance large-scale green hydrogen projects in partnership with the private sector.
Deepu Surendran, Chief General Manager of Cochin Shipyard Limited, emphasized the importance of collaborative efforts, stating, “As India’s leading shipbuilder, Cochin Shipyard has been undertaking several projects to identify emission-free transport solutions. In line with the Government of India’s National Green Hydrogen Mission, we developed and recently inaugurated India’s first fully indigenous hydrogen fuel cell catamaran ferry vessel. To identify sustainable transport solutions, all stakeholders—not just in India but globally—need to work together. We believe that IH2A is one such platform where multiple stakeholders are collaborating to build the hydrogen value chain.”
Amrit Singh Deo, IH2A Secretariat lead, noted the significant contributions of the new members. He stated, “The new members bring specialist expertise that will help develop the hydrogen economy. Sumitomo, HPCL-Mittal Energy, and Jindal Renewable Power can decisively shape the hydrogen ecosystem as potential offtake entities in the future. Cochin Shipyard is working on hydrogen-powered vessels, while Trilegal and Worley offer essential technical and contracting capabilities as we see more long-term offtake contracts being signed and projects progressing to the Final Investment Decision (FID) stage. We look forward to collaborating with all industry participants, government agencies, and hydrogen investors to meet the ambitions set by the National Green Hydrogen Mission and accelerate industrial decarbonization.”
The new members will engage with the IH2A Steering Group, supported by the IH2A Secretariat, which is managed by consulting firm FTI Consulting, to drive forward the initiatives aimed at developing India’s hydrogen economy.
Source Link : https://solarquarter.com/2024/10/29/india-hydrogen-alliance-expands-membership-to-accelerate-hydrogen-economy-development/
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