comScore
Active Stocks
Fri Sep 29 2023 15:59:14
  1. Tata Steel share price
  2. 129 1.78%
  1. NTPC share price
  2. 245.65 3.3%
  1. Power Grid Corporation Of India share price
  2. 199.85 -0.45%
  1. State Bank Of India share price
  2. 598.7 1.48%
  1. Wipro share price
  2. 406.25 0.11%
Business News/ News / India/  Ohmium partners NTPC to manufacture electrolysers for green hydrogen in India
Back

Ohmium partners NTPC to manufacture electrolysers for green hydrogen in India

Under the agreement, Ohmium’s patented electrolyzers will be deployed in various industrial and commercial applications, including ammonia production, transportation, and power generation, among others.

The agreement is valid for two years till May 2025Premium
The agreement is valid for two years till May 2025

New Delhi: Ohmium International, a leading provider of green hydrogen solutions on Thursday announced that its India-based subsidiary has been chosen as the Proton Exchange Membrane (PEM) electrolyzer partner for NTPC Renewable Energy Limited (REL), the renewable energy arm of NTPC, India’s largest power utility.

In a statement, Ohmium said, “Its India-based subsidiary has been selected as the PEM electrolyser partner of NTPC Renewable Energy Limited (REL), the renewable energy subsidiary of NTPC."

The agreement is valid for two years till May 2025, the company added.

Under the agreement, Ohmium’s patented electrolyzers will be deployed in various industrial and commercial applications, including ammonia production, transportation, and power generation, among others. These electrolyzers are expected to be integrated into projects totaling up to 400 megawatts (MW) of capacity.

The collaboration with Ohmium will support NTPC’s goal of deploying 5 gigawatts (GW) of renewable energy for green hydrogen and ammonia production, contributing to the company’s ambitious target of achieving 60 GW of renewable energy capacity by 2032.

Arne Ballantine, CEO of Ohmium, expressed enthusiasm about the partnership, and said, “NTPC has always been at the forefront of adopting innovative clean technologies, and the company’s forward-thinking approach will be instrumental in enabling India to realize its potential as a green hydrogen powerhouse."

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 01 Jun 2023, 05:53 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App