Greenko and John Cockerill partner in Hydrogen to contribute to Indian economy ‘s decarbonation

Greenko Group and John Cockerill have signed a Framework Agreement last Friday 18th March 2022 to exclusively partner in joint market development initiatives for Green Hydrogen Electrolyzers in the Indian sub-continent, hastening a domestic green supply chain. This agreement will accelerate the deployment of the green hydrogen ecosystem in India and will enable to build a gigawatt electrolyser manufacturing plant, expandable to a multi gigawatt scale, to serve the local market. Thanks to this joint-venture signature agreement, the two partners are helping to decarbonize the Indian economy and thus fight against climate change.

Hyderabad, India, 18th March 2022: Greenko ZeroC (GZC), a subsidiary of Greenko Group, a leading Indian cleantech company, and John Cockerill, a world-leading designer and manufacturer of high-capacity alkaline electrolyzers in Belgium, signed an exclusive Framework Agreement to jointly develop market initiatives for green hydrogen electrolyzers in the Indian sub-continent.

GZC and John Cockerill will combine their strengths to collaborate in all spheres of market evolution for green hydrogen electrolyzers, which converts clean energy into carbon free hydrogen. The pressurized alkaline technology provided by John Cockerill and being the best adapted to the “large scale” hydrogen applications along with Greenko’s lowest cost RE-RTC (round the clock) solutions will enable the lowest Levelized Cost of Hydrogen (LCOH) necessary for the implementation of a large H2 ecosystem on the Indian subcontinent. The Gigafactory will include the full manufacturing electrolyser value chain including state of the art nickel coating and will produce electrolysers delivering H2 at 30 bars at the outlet at the highest purity level.

Greenko, which is based in Hyderabad, southern India, is already building capacity to cater to the rapidly evolving green hydrogen market globally. Leveraging India’s ample and diversified base of renewables generation alongside its own long-duration storage projects to provide round the clock renewable energy, Greenko aims to deliver internationally cost-competitive green hydrogen and associated green molecules. John Cockerill is, among other technologies, developing the world’s highest capacity electrolysers (6.5 MW commercial with envisioned engineering to go upto 20 GW) and manufacturing facilities across the globe.

This partnership will facilitate the production of the lowest cost green hydrogen by enabling delivery of electrolyzers at scale in India, within the next years. In turn, this will support the faster adoption of a green molecule-related ecosystem in the country. These developments in the H2 industry will help large local industries (refineries, fertilizer plants, steel,,…), the implementation of a large-scale energy ecosystem focused on renewable energies (PV, wind, hydro) and the development of H2 mobility in India.

Mr. Anil Chalamalasetty, Greenko’s CEO & MD said: “Greenko is working towards re-industrialization solutions for a low-carbon economy. We are partnering with a world-class technology partner in John Cockerill and will jointly develop large-scale green molecule projects in India, which will accelerate the creation of a hydrogen economy. This partnership will not only help curtail India’s energy imports; it will also facilitate a turnaround to enable energy exports. And it will strengthen India’s green hydrogen ambitions as part of a wider renewable energy program that will see India run the world’s largest energy transition program.”

Mr. Raphael Tilot, John Cockerill Renewables’ CEO, said: “The fight against climate change is part of our mission, and this partnership with Greenko will enable us to contribute to India’s sub-continent emergence as a new green energy hub. India and neighbouring countries have abundant natural resources, a large domestic market and the potential to cater to the growth of this market regionally and globally. On the human side, collaboration between Indian and Belgian team have made good progress and we are very confident on the future developments.”