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India Procurement News Notice - 84208


Procurement News Notice

PNN 84208
Work Detail TKIL Industries Pvt. Ltd. is expanding its business portfolio by entering the green hydrogen sector. The company has made a strategic investment in SoHHytec SA, a leading innovator in green hydrogen technology based in Lausanne, Switzerland. SoHHytec uses its advanced artificial photosynthesis technology to produce green hydrogen from renewable energy sources like solar and wind. Currently holding the world record for the most efficient solar hydrogen production, SoHHytec offers the most cost-effective technology for green hydrogen. As part of this collaboration, TKIL Industries will become SoHHytec’s exclusive partner in India, helping to manufacture and supply equipment for green hydrogen projects. The partnership will also focus on building a local supply chain to produce hydrogen equipment in India, supporting the “Make in India” initiative. This collaboration marks the first use of SoHHytec’s groundbreaking technology in India and is expected to play a key role in the country’s energy transformation. The move aligns with India’s ambitious target of achieving net-zero emissions by 2070, reinforcing TKIL Industries’ commitment to advancing sustainable energy solutions and supporting India’s green hydrogen economy. Mr. Vivek Bhatia, Managing Director and CEO, TKIL Industries, said in a statement, “It is a clear part of our strategy to expand our business operations into high growth sectors oriented towards sustainability and emission reduction. Green hydrogen is critical for enabling the green transition of hard to abate sectors. Our collaboration with SoHHytec marks a pivotal moment in our commitment to a sustainable, low-carbon future. By combining SoHHytec’s advanced technology and solution with our extensive industry experience, we are poised to accelerate green hydrogen production in India and contribute meaningfully to the nation’s clean energy objectives. Further, this partnership is a critical step forward for the “Make in India” initiative for such a critical sector. The market response has been fantastic and we are confident of announcing our first orders shortly.” Dr. Saurabh Tembhurne, CEO and Founder, SoHHytec, mentioned, “We welcome the strategic investment into our business and we are thrilled to collaborate with TKIL Industries in making green hydrogen a viable and scalable energy solution for India. By combining our cutting-edge technology and solution with TKIL Industries’ manufacturing and industrial project execution expertise, we are confident this partnership will play a critical role in the global energy transformation journey. He further added, “Today, SoHHytec’s technology is without doubt, the market leader in terms of offering the lowest cost per kg of Green Hydrogen produced. Our artificial photosynthesis (photo-electrolysis) process is proven and highly flexible, providing off-grid capability and synchronizing with solar and other green energy power sources. Furthermore, SoHHytec’s solution is highly recyclable and can be deployed majorly using locally sourced materials.” The green hydrogen produced through the partnership between TKIL Industries Pvt. Ltd. and SoHHytec will support critical sectors in India, including steel, fertilizers, bio-chemicals, cement, and transportation. These industries are crucial to India’s energy transition and industrial decarbonization goals. For example, the technology already offers a 50% cost reduction in transportation per kilometer compared to traditional ICE vehicles, demonstrating its potential to drive sustainable change. This collaboration is aimed at meeting the growing demand for clean energy while supporting India’s industrial growth and carbon reduction targets. Green hydrogen is increasingly recognized as a key solution to decarbonize industries with high emissions, and this partnership aligns with India’s National Hydrogen Mission. The mission sets the goal to make India a global leader in green hydrogen by 2030. Together, TKIL Industries and SoHHytec will focus on developing advanced hydrogen production projects across India’s key industrial regions, ensuring scalable, widespread adoption of green hydrogen technologies. With India aiming to produce 7.5 million tonnes of green hydrogen annually by 2030, this partnership is poised to help meet the country’s energy needs and drive its decarbonization efforts, especially in sectors like heavy industry and transportation.
Country India , Southern Asia
Industry Energy & Power
Entry Date 06 Dec 2024
Source https://solarquarter.com/2024/12/04/tkil-industries-teams-up-with-sohhytec-to-launch-green-hydrogen-venture-in-india/

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