Green hydrogen facility to come up in Tamil Nadu
Fusion Fuel Green, which has offices in Portugal and Ireland, has signed an agreement with BGR Energy Systems, an engineering, procurement and construction (EPC) company based in Chennai, to install green hydrogen production facilities in Tamil Nadu.
The agreement is in line with India's plans to build green hydrogen plants that will run on electricity produced by green energy sources and help reduce dependence on fossil fuels for mobility.
The partnership is focused on developing green hydrogen projects in India, with the firms looking to set up a demonstration facility in Cuddalore, Tamil Nadu, later this year.
Fusion Fuel Green told the media that it would install a small demonstrator facility for BGR Energy in the region of Cuddalore in the second half of 2021 using its market-leading HEVO-SOLAR technology to generate cost-competitive green hydrogen. The joint venture (JV) will then co-develop projects throughout India, leveraging BGR Energy's extensive client network and existing commercial footprint, said Fusion.
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The companies will also explore broader areas of potential cooperation given BGR Energy's broad competencies in the energy, environmental and industrial sectors.
In December last year, Prime Minister Narendra Modi had announced plans to launch a National Hydrogen Energy Mission, bolstering India's green energy credentials with the carbon emission-free next-generation fuel.
India's goal of 175 gigawatts (GW) by 2022 got an impetus in the 2021-22 budget, which allocated Rs 1,500 crore for renewable energy development and NHM.
Green Hydrogen is generated from renewable energy sources like solar and wind energy. It is produced from electrolysis powered by renewable electricity.