Hygenco Green Energies has formalized a memorandum of understanding (MoU) with Mitsubishi Power to explore the deployment of green hydrogen and ammonia-fired gas turbine combined cycle (GTCC) power plants. This collaboration aims to deliver sustainable energy solutions across India and international markets, marking a significant development in the global energy transition.
Strategic Indo-Japan Partnership
The partnership between Hygenco and Mitsubishi Power reflects the growing strategic cooperation between India and Japan in the field of energy security and green energy technologies. Supported by the Japan International Cooperation Agency (JICA), this initiative seeks to reduce carbon emissions through advanced technology exchange and collaborative investments in the green energy sector.
JICA’s Chief Representative in India, Mr. SAITO Mitsunori, emphasized the importance of this collaboration in addressing climate change. “JICA is committed to supporting the development of green hydrogen technologies. This partnership exemplifies the international cooperation needed to promote sustainable growth,” he stated. JICA will continue to back this initiative through its co-creation platform, the Neev Fund.
Green Fuel Supply and Technological Synergy
Under this MoU, Hygenco will supply green fuel for Mitsubishi Power’s GTCC technology, targeting potential customers in India and globally. The company plans to develop and operate large-scale, commercially viable green hydrogen and green ammonia production facilities. These assets will be offered on a build-own-operate or gas-as-a-service model.
Hygenco’s CEO, Mr. Amit Bansal, highlighted the synergy between the two companies. “This collaboration will integrate Hygenco’s green fuel supply with Mitsubishi Power’s advanced technology, embodying the spirit of ‘Vasudhaiva Kutumbakam’–the world is one family,” he remarked. The partnership aims to decarbonize power generation and contribute to a sustainable energy future.
SBI Ventures Limited’s MD & CEO, Mr. Prem Prabhakar, whose Neev II Fund is an investor in Hygenco, stressed the importance of investing in green hydrogen and ammonia. “This partnership will pave the way for innovative and sustainable energy solutions, crucial for India’s energy security and environmental goals,” he said.
Mitsubishi Power’s Commitment to Decarbonization
Mitsubishi Power is actively developing hydrogen and ammonia firing technologies to decarbonize existing GTCC plants. The company is transitioning these plants from natural gas to hydrogen and ammonia, contributing to the global effort to reduce greenhouse gas emissions. Mitsubishi Power has already been involved in multiple decarbonization projects worldwide, showcasing its leadership in this emerging market.
About the Companies
Hygenco Green Energies is a leading developer in the green hydrogen and green ammonia sector, focusing on sustainable and commercially viable fuel solutions. Mitsubishi Heavy Industries, Ltd., the parent company of Mitsubishi Power, is a global leader in engineering and manufacturing, offering innovative solutions across various sectors, including energy. JICA, the Japan International Cooperation Agency, plays a pivotal role in promoting international cooperation and sustainable development, particularly in emerging markets.
This partnership underscores the increasing global focus on solar energy investments, green energy policies, and the development of sustainable energy technologies, aligning with broader energy market trends. As the world shifts toward greener energy sources, collaborations like this will be key in advancing the solar energy market and energy storage solutions.
Source：prnewswire.com
