New Delhi: ACME Group and Indraprastha Gas Limited (IGL) on Friday announced that they have entered into a partnership to explore business opportunities in the green hydrogen sector. The Memorandum of Understanding (MoU) was signed by representatives of both the companies in an effort to promote the adoption of green hydrogen and generate demand for it in India.
The collaboration will involve the two companies exploring the potential of hydrogen production plants and electrolyzers with the aim of blending green hydrogen into IGL’s existing pipeline network. These networks currently supply gas to homes, industrial and commercial establishments, and compressed natural gas (CNG) to vehicles.
ACME’s expertise in green hydrogen and ammonia will be complemented by IGL’s extensive green energy distribution network, which serves multiple cities and millions of homes. The partnership will also explore green hydrogen opportunities in the automotive sector and green ammonia production as an additional business vertical for IGL.
This strategic alliance follows the recent introduction of government incentives to promote green hydrogen production, which is expected to contribute to the commercial viability of green hydrogen and green ammonia in the future. The partners will also collaborate on policy matters and work with government to establish a regulatory framework that encourages long-term off-take commitments to green hydrogen and green ammonia.
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