Technip Collaborates with Greenko for Green Hydrogen Projects in India

Technip Energies has signed a memorandum of understanding (MoU) with ZeroC to explore opportunities for the development of green hydrogen projects in India. Technip is a France based engineering company and ZeroC is a subsidiary of Indian renewable energy player Greenko Group.

As per a statement of Technip, the company comes with its hydrogen expertise, integration capabilities, EPC project management skills and regional footprint to the partnership. For Greenko, this is the second partnership in the green hydrogen space, after its announcement of a partnership with John Cockerill.

The two companies will explore green hydrogen opportunities across multiple sectors – refining, petrochemicals, fertiliser, chemical and power plant. Technip and Greenko will establish a Build-Own-Operate (BOT) model in which Greenko will act as the operator and owner of the assets and Technip will support the projects with its engineering services, integration and engineering, procurement and construction of green hydrogen and related projects. This will be for both pilot and commercial scale projects.

Davendra Kumar, MD India at Technip Energies, says, “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, leveraging decades of expertise in feasibility studies, EPC and technology know-how to support Green Hydrogen and associated projects.”

Greenko ZeroC chief operating officer Gautam Reddy, mentions, “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 electrolyser 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.”

Greenko has just signed up for a collaboration with the Adani Group for over 6 GW of pumped storage projects too.

India has launched its National Hydrogen Mission in 2021 with an objective to take India’s RE capacity to 450GW by the end of this decade.

Indian giants – Reliance and Adani Group – have been on the forefront of investment in green hydrogen. Just last year, Reliance chairperson Mukesh Ambani announced his company’s mega plan to invest more than $10 billion in renewable and clean energy that will include bringing down the cost of producing green hydrogen well below $2 for every kilogram.

Similarly Adani Group will be investing $20 billion in next 10 years in RE and component manufacturing.