Greenstat AS, through its subsidiary Greenstat Hydrogen India PVT Ltd. signed a strategic cooperation agreement with the state-owned Indian energy company Indian Oil, witnessed by the Norwegian Embassy and several Indian ministers from the Ministry of Petroleum, Nature, Gas & Steel, as well as the chairman of the board of Indian Oil.
The agreement covers cooperation in several areas and is mainly about the establishment of a Norwegian-Indian competence center on hydrogen (Center of Excellence-Hydrogen).
The center will be established on Indian Oil’s campus outside Delhi and Greenstat will, in collaboration with several Norwegian hydrogen players, facilitate collaboration at the monetary level, between Norwegian and Indian R&D institutions and between commercial players. An overriding goal is to increase Norwegian exports of hydrogen technology and expertise to the Indian market.
The center will be an important engine for speeding up the hydrogen economy in India and the partnership with such a large player as Indian Oil, will enable rapid rollout of projects throughout India.
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Chairman of the Board of Greenstat Hydrogen India Ltd., Sturle Pedersen:
Greenstat has great ambitions to contribute to the industrialization of hydrogen production in India and is well positioned through cooperation agreements with the most important Indian energy companies and technology companies.
“This agreement is an important milestone for us and the center will be an essential player for the cooperation between India and Norway on hydrogen and renewable”
“The Norwegian market is too small to really speed up the Norwegian hydrogen industry. We have to go out and the Indian market is huge and developing rapidly. In addition, the authorities have set clear climate goals and expressed ambitions to take the lead internationally. Here, there are endless opportunities for Norwegian industry “, says Pedersen
Karen Landmark, Chairman of the Board of Greenstat Asia:
We are now sending a friendly invitation to the Norwegian authorities to know their visiting hours. The doors to the Indian market have been opened, Norwegian business is united and ready – now we need the authorities behind us to really secure the grip “
CEO of Greenstat Vegard Frihammer:
Greenstat wants to invest heavily in India and this agreement with Indian Oil, as one of several partners in India, will give us weight and speed to roll out projects in the Indian market. And in the slightly longer term, other Asian markets “
Etablerer kompetansesenter for grønt hydrogen i India, 18.02.21 [in Norwegian]
