Hygenco, Mitsubishi Power to collaborate on hydrogen GTCC power plants

Indian green hydrogen and ammonia project developer Hygenco Green Energies and Mitsubishi Power, a subsidiary of Japan's Mitsubishi Heavy Industries Ltd (TYO:7011), will study the possibility of providing green hydrogen or ammonia-fired gas turbine combined cycle (GTCC) power plants both in India and internationally.

The companies have signed a memorandum of understanding for the collaboration with the support of Japan International Cooperation Agency (JICA), Hygenco said this week.

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Hygenco will supply green fuel for Mitsubishi Power’s GTCC technology to prospective customers. The company will develop green hydrogen and green ammonia production assets on a build-own-operate or gas-as-a-service basis. Mitsubishi Power, meanwhile, is developing hydrogen and ammonia firing technologies to decarbonise existing GTCC plants.

Hygenco Green Energies CEO Amit Bansal said the collaboration will synergise Hygenco’s green fuel supply with Mitsubishi Power’s technology in India and globally.

“JICA is committed to supporting the development of green hydrogen technologies. This collaboration between Hygenco and MHI exemplifies the international cooperation needed to address climate change and promote sustainable growth,” commented Saito Mitsunori, chief representative, JICA India.

Neev II Fund, whose investors include JICA, is an investor in Hygenco.