ACME Group and IGL sign MoU to promote adoption of Green Hydrogen in India
ACME Group and Indraprastha Gas Limited (IGL) signed a memorandum of understanding (MoU) to jointly explore the potential business opportunities of Green Hydrogen. The MoU was signed by Mr. Ashwani Dudeja (President & Director – Green Hydrogen and Ammonia, ACME) and Mr. Sanjeev Kumar Bhatia (Vice President – Business Development & Gas Sourcing, IGL) in presence of senior officials of both the companies.
ACME and IGL will work jointly to promote the adoption by the customers and create demand for Green Hydrogen in the country. The Companies will also work together to explore the opportunity of setting up hydrogen generation plants including setting up electrolyzers to blend Green Hydrogen in IGL’s existing pipeline networks suppling gas to households, industrial & commercial set ups and CNG for vehicles.
About ACME Group:
ACME Group (www.acme.in ) set up in 2003, is a pioneer in cleantech sectors such as solar, green hydrogen & ammonia and sustainable green protein development. In 2003, the Company invented fit for market products in telecom passive infrastructure space including Power Interface Unit (PIU) and Phase Change Material (PCM). This helped in significant energy savings, contributing lowering calling rates. In the next decade, ACME became India’s first IPP to achieve, build and operationalize a solar power plant with subsidy free tariff of INR 2.44 INR/kWh. ACME’s $0.03/kWh tariff broke the grid parity barrier for renewable power making it cheaper compared to average cost of thermal power by around 25% and accelerated adoption in solar power in India.
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