Green Hydrogen Agreement

Why in the news?

The Solar Energy Corporation of India (SECI) has signed an agreement with H2 Global Stiftung.

Key points:

• The Solar Energy Corporation of India (SECI) has signed an agreement with H2 Global Stiftung.
• This is to establish a collaborative framework to promote the Green Hydrogen initiative.
• This will contribute to the global advancement of the green hydrogen economy.
• Its signatories-
  • Mr. Sanjay Sharma, Director (Solar), SECI
  • Dr. Susana Moreira, Executive Director, H2Global
• This will significantly contribute to the advancement of the global green hydrogen economy.
• India will get an opportunity to lead in the green hydrogen export sector.

Solar Energy Corporation of India (SECI):

• It is dedicated to the development and expansion of renewable energy capacity in India.
• SECI was incorporated as a non-profit company in the year 2011.
• In the year 2015, it was converted into a commercial company.
• It is a company of the Ministry of New and Renewable Energy, Government of India.
• It is headquartered in New Delhi.

H2Global Stiftung:

• This foundation accelerates the emergence of markets for clean hydrogen and other low-emission fuels worldwide.
• Its main activities include fundraising and connecting donors, promoting the H2Global mechanism, and promoting communication and visibility.
•  It is located in Germany.