ACME and IGL signs MoU to jointly supply Green Hydrogen

New Delhi: Diversified renewable energy company ACME and leading City Gas Distribution Company IGL recently signed a memorandum of understanding (MoU) to explore the potential business opportunities of Green Hydrogen jointly. The MoU was signed by Mr Ashwani Dudeja {President & Director - of Green Hydrogen and Ammonia, ACME) and Mr Sanjeev Kumar Bhatia (Vice President - Business Development & Gas Sourcing, IGL) in the presence of senior officials of both companies.

ACME and IGL will work jointly to promote the adoption by the customers and create demand for Green Hydrogen in the country. The Companies will also work together to explore the opportunity of setting up hydrogen generation plants including setting up electrolyzers to blend Green HYdrogen in IGL’s existing pipeline networks supplying gas to households, industrial & commercial setups and CNG for vehicles.

Read Also : Defence Ministry signs Rs 588 Cr contract for Digital Coast Guard project

Mr. Manoj K Upadhyay, Founder & Chairman, ACME Group said, “I would like fo thank IGL for their commitment to develop infrastructure and supply green hydrogen to customers. Both the partners will identify areas/projects for green hydrogen adoption in the country.”

Mr. Ashwani Dudeja, President & Director (Green Hydrogen and Ammonia), ACME Group said “The partnership would benefit both the Companies, where ACME will offer its experience and expertise, while IGL being a green energy provider to several cities and millions of homes, have a ready-made network to blend green hydrogen. We will also co-operate on policy matters and help the industry and Government to bring in enabling regulatory framework that facifitates and incentivizes the customers to provide long term offtake commitments for green hydrogen and green ammonia. 

Mr. Sanjay Kumar, Managing Director, IGL said, “IGL operated Hydrogen Enriched Compressed Natural (H-CNG) Pilot project in Delhi in collaboration with IOCL. Presently, Green Hydrogen in the automobile sector is at an ascent stage and IGL being a leading city gas distribution company, certainly wants to explore possibilities of Green Hydrogen in the automobile sector Production of Green Ammonia from Green Hydrogen has potential to be another business vertical to IGL 

 

Read Also : IIT Roorkee Robotics Researchers working on Possible Deployment of Drones in SECL Coal Mines

Mr. Pawan Kumar, Director (Commercial), IGL said, ''IGL is in continuous process of business diversification in line with Vision of the company. Recently, the Government of India has released several incentives for the production of Green Hydrogen, which will help to attain commercial viability of Green Hydrogen/ Green Ammonia in future.

Read Also : PM Modi inaugurates ‘Uttarakhand Global Investors Summit 2023’