NEW DELHI, Aug. 8, 2024 — Hygenco Green Energies has entered into a memorandum of understanding (MoU) with Mitsubishi Power to explore the possibility of providing green hydrogen/ammonia-fired gas turbine combined cycle (GTCC) power plants. The objective of this MoU is to deliver these integrated solutions in India and across the globe.
The collaboration between India and Japan on energy security and green ammonia exemplifies a strategic partnership committed to fostering sustainable development and emission reduction through technological exchange and collaborative investments.
Commenting on this occasion, Mr. SAITO Mitsunori, Chief Representative, JICA India, stated, “JICA is dedicated to supporting the advancement of green hydrogen technologies. This collaboration between Hygenco and MHI demonstrates the international cooperation necessary to address climate change and promote sustainable growth. JICA will consistently provide support to this partnership and looks forward to the impact brought by the JICA – Neev Fund co-creation platform.”
Hygenco will supply green fuel for MPW’s GTCC technology to potential customers. The company will develop and implement scaled-up, commercially viable green hydrogen and green ammonia production assets on a build-own-operate or gas-as-a-service basis.
“The partnership will combine Hygenco’s green fuel supply with Mitsubishi Power’s technology in India and globally, embodying the spirit of Vasudhaiva Kutumbakam–the world is one family” stated Mr. Amit Bansal, CEO, Hygenco.”We are enthusiastic about leveraging our expertise in green hydrogen and ammonia to support the decarbonization of power generation and contribute to a sustainable energy future.”
“We believe this partnership will pave the path for innovative and sustainable energy solutions,” said Mr. Prem Prabhakar, MD&CEO, SBI Ventures Limited – that manages Neev II Fund which is an investor in Hygenco. “Investing in green hydrogen and ammonia production is essential for India’s energy security, energy transition, and environmental goals.”
Mitsubishi Power is developing hydrogen and ammonia firing technologies to decarbonize existing GTCC plants by converting their fuel from natural gas to hydrogen/ammonia. The company has been involved in multiple projects globally.
About Hygenco Green Energies
Hygenco is a prominent developer of green hydrogen and green ammonia projects. The company focuses on delivering sustainable and commercially viable green fuel solutions to various industries, contributing to the global energy transition.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. is a global leader in engineering and manufacturing. MHI provides innovative solutions across various sectors, including energy, aerospace, and machinery etc. Mitsubishi Power, a subsidiary of MHI, specializes in power generation technologies and is at the forefront of hydrogen-firing technology development.
About JICA
Established, by a specific law, as an incorporated administrative institution under the Government of Japan, the Japan International Cooperation Agency aims to contribute to the promotion of international cooperation, as a sole Japanese governmental agency in charge of ODA implementation. JICA is the world’s largest bilateral donor agency. JICA works as a bridge between Japan and emerging countries, and provides assistance in forms of loan, grant and technical cooperation so that the emerging countries can strengthen their capabilities.
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