Hero Future, Ohmium Partner to Set up 1 GW Green Hydrogen Production Facilities in India, the UK and Europe
In a bid to expand its international footprint, Hero Group’s renewable energy arm Hero Future Energies (HFE) has entered into a strategic partnership with PEM Electrolyser specialist Ohmium International to develop and build 1,000 MW (1 GW) of green hydrogen production facilities in India, the UK and Europe.
January 06, 2022. By Manu Tayal
Commenting on this partnership, Srivatsan Iyer, Global CEO of Hero Future Energies, said “we are very pleased to partner with Ohmium – their patented electrolyser technology enables them to design and construct hydrogen production facilities faster and more efficiently than anyone else. By coupling Ohmium’s hydrogen expertise with HFE’s knowledge and experience as a Renewable Energy developer, we will meet and perhaps even exceed our ambitious target of 1000 MW.”
Under the partnership, Ohmium will be responsible for the design, construction, and operations and maintenance of the hydrogen production facilities, while Hero Future Energies will be the Build – Operate – Own partner, generating green energy to power the production facilities and assuming overall ownership of the assets.
“Together we’ll bring safe, secure and cost-effective green hydrogen energy to not only India, but also the world,” added Arne Ballantine, CEO of Ohmium International.
On the future outlook, Srivatsan Iyer, Global CEO of Hero Future Energies, said “as countries and businesses strive to achieve their net-zero goals, Green Hydrogen can be a potential game-changer, particularly when it comes to decarbonization in hard-to-abate sectors such as the mobility sector. This is a forward-looking partnership which is perfectly aligned with HFE’s vision as an integrated energy transition solutions provider. It will enable us to expand our international footprint as we penetrate new markets.”
Meanwhile, India’s demand for Hydrogen is estimated to increase five-fold and reach nearly 28 MTPA by 2050.
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