The India H2 Alliance (“IH2A”) has expanded its membership with the joining of seven new industry members Torrent Power, Synergen Projects, Godawari Power and Ispat, Technip Energies, HSBC Bank, Bureau Veritas and Newtrace. The twenty-two member strong India Hydrogen Alliance, with fourteen industry members and nine partner organisations, represent key players operating across the hydrogen value chain, technical agencies and global investors, who work closely with the Government of India and state governments to help develop the hydrogen economy in India.
The expanded membership announcement follows submission of the $5 billion national green hydrogen hub economic viability and development plan, and the $50 billion hydrogen equipment and exports report, submitted by the India Hydrogen Alliance (IH2A), to the government of India. IH2A is currently working with state governments to help develop large commercial-scale green hydrogen projects, in partnership with the private sector.
Sanjeev Shah, Director, Synergen Projects said, “As part of the Skeiron and Synergen Group, we have always taken a pioneering approach to building the new energy eco-system and are keen to lead the way in green hydrogen as well, through our membership of IH2A. We look forward to collaborating with other members and partners to build the next wave of green hydrogen projects in India”.
Nisarg Shah, Vice President, Business Development, Torrent Power added, “As a group engaged in power generation, distribution and city gas distribution, we recognize the importance of green hydrogen in decarbonizing the energy needs of hard-to-abate sectors. We look forward to working with IH2A members and the Government to ensure hydrogen commercialization is accelerated in the next 3-5 years”.
Abhishek Agrawal, Executive Director, Godawari Power and Ispat Limited stated, “We look forward to working closely with the India Hydrogen Alliance members and partner organizations to accelerate decarbonization of the Indian metals and steel sector. We are evaluating cleantech solutions and pathways to accelerate decarbonization of our operations and intend to lead by example in our industry”.
Jillian Evanko, President and CEO, Chart Industries and Founding Member, IH2A said, “We welcome the eight new members to the India Hydrogen Alliance. This marks a significant step forward and is a mark of investor interest in building the green hydrogen economy in India. Green Hydrogen Offtake price support will be very important for building economically viable green hydrogen projects in India. We expect the Government of India will provide greater policy and incentive clarity to green hydrogen investors so that they can take project investment and domestic manufacturing decisions”.
The press release stated that new members Torrent Power, Synergen Projects and Godawari Power and Ispat will join Chart Industries, Reliance Industries Limited (RIL), JSW Group, Hero Future Energies and bp in the IH2A Steering Group, which is supported by the IH2A Secretariat, run by consulting firm FTI Consulting.
