PTC India & Greenstat Hydrogen to create green hydrogen solutions

PTC India Ltd announced that it has agreed to work with Greenstat Hydrogen India Pvt Ltd (GHIPL) to collaboratively develop green hydrogen solutions for those who will benefit from the Indian power market.

PTC India told the media that GHIPL is a division of the Norwegian energy firm Greenstat ASA.

Feasibility studies and/or project management services for green hydrogen solutions to potential users in India are among the development sectors.

In addition, PTC and GHIPL will look for chances to establish an Indian centre of excellence for the facilitation of green hydrogen.

The firm said that to jointly create green hydrogen solutions for the Indian power market's beneficiaries, PTC India and Greenstat Hydrogen India have signed a Memorandum of Understanding (MoU).

Under this MoU, both parties would collaborate to build green hydrogen projects in India.

Rajib K. Mishra, PTC India's CMD, said that green hydrogen offers enormous potential to help society shift to a net-zero economy while also supplying future energy requirements responsibly.

He added that PTC and Greenstat would play a significant role in the adoption of green hydrogen in India as a result of this collaboration.

PTC India Limited provides all power trading solutions, cross-border power trading, and consulting services.

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