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Ayana Renewable, Greenstat Hydrogen Sign MOU For Hydrogen Development In India
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yana Renewable Power, a renewable energy platform majority controlled by National Investment and Infrastructure Fund (NIIF), focuses on development of utility scale renewable projects in India. Ayana’s vision is to be the lowest cost renewable energy producer which utilizes technology to maximize value creation. Ayana and Greenstat Hydrogen India, a Norwegian energy organization, recently signed a Memorandum of Understanding (MOU) to accelerate the hydrogen technology development in India. The objective of this partnership is to collaborate on developing projects for production of green hydrogen. The Government of India announced in the Union Budget 2021, its plan to launch the National Hydrogen Mission. Speaking on the partnership, Mr. Shivanand Nimbargi, Managing Director and CEO, Ayana Renewable Power says “Ayana is delighted to partner with Greenstat to accelerate the production of green hydrogen in India. For India, Hydrogen presents a great potential opportunity as it will decrease reliance on fossil fuels and focus on sustainable sources of energy. We anticipate that our initiatives will support the National Hydrogen Mission, to fasttrack India’s decarbonization of grid and providing energy storage solutions for industrial sector, and transportation sector over the
next few years.” Sturle Pedersen, Chairman, Greenstat Hydrogen India, said “leading a broad representation of Norwegian cutting-edge expertise within the hydrogen sector, we are thrilled to be a part of this exciting journey together with Ayana Power, the Indian industry, R&D institutes and the Indian government.”
After Reliance, IOC, NTPC, now GAIL to Foray into Hydrogen
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tate-owned natural gas corporation GAIL plans to foray into hydrogen and ethanol production, as well as expanding its presence in the petrochemicals segment. Hydrogen is a clean fuel that, when consumed in a fuel cell, produces only water. Many countries are venturing into hydrogen production from a variety of domestic resources, such as natural gas, nuclear power, biomass, and renewable power like solar and wind. As for India, major companies like Reliance Industries, Indian Oil Corporation, and NTPC have announced ambitious plans for generating hydrogen. GAIL has now joined that list. “The global energy sector is witnessing a paradigm shift in recent years as the world is
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its renewable energy portfolio, he said. “Your company has been scouting for opportunities to scale up the RE portfolio from the current 130 MW through bidding and other inorganic routes such as mergers and acquisitions. In addition, your company is also foraying into ethanol and hydrogen generation,” he said. transitioning to a sustainable energy future,” GAIL Chairman and Managing Director Manoj Jain said in the company’s latest annual report. As part of a push to embrace cleaner forms of energy, GAIL will be laying pipeline infrastructure to connect consumption centres to gas sources while also augmenting
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Jain further noted, to accomplish a cleaner primary energy mix for India, the government is emphasizing the expansion of the natural gas sector so as to achieve a gasbased economy along with growth in renewables. GAIL as a leading integrated energy major has aligned with this vision.
Accordingly, GAIL is laying around 6,000-kilometres of pipeline, including a west coast to east coast pipeline from Mumbai to Jharsuduga in Odisha via Nagpur. Currently, the firm has around 13,700-km of natural gas pipeline network. GAIL Limited has targeted a 1 GWh renewable energy capacity by investing around Rs. 5,000 crores for setting up compressed biogas as well as ethanol plants. Jain also said, GAIL has the largest and most diverse LNG portfolio in India that can offer both stable prices and reliable supply to consumers. Additionally, the company has signed up with governmentowned power equipmentmaker BHEL to ramp up its renewables portfolio.
