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Technology: OIL signs Incubation Agreement for hydrogen fuel cell

Fiinews by Fiinews
April 10, 2022
in Investment
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OIL-Ohm Clean Tech Incubation Agreement.

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Mishra underlines OIL’s commitment to innovative clean energy

Oil India Limited (OIL) has signed an Incubation Agreement with start-up Ohm Clean Tech Private Limited on 7 Apr 2022 for Design, Integration and Development of 9-M Hydrogen Fuel Cell powered e-Bus, and a Liquid Organic Hydrogen Carrier (LOHC) solution. The start-up will be mentored and nurtured under by IIT-Guwahati.

OIL CMD Sushil Ch. Mishra underlined that the oil major company is committed to the development of innovative and path breaking technologies in the field of clean energy.

OIL has already initiated a pilot project for hydrogen generation and blending. It is now sponsoring this start-up venture in the complementary fields of hydrogen storage, transportation and mobility solutions.

He expressed the hope that this would help in the Aatmanirbhar Bharat initiatives and open the doors for a hydrogen economy in the Northeast.

OIL Finance Director Harish Madhav informed that OIL sponsors eligible start-ups under its scheme “SNEH” (Start-up Nurturing, Enabling & Handholding) and is presently incubating six start-ups from all over the country working on various hi-tech fields like robotics, instrumentation, biotech and fuel delivery solutions.

He envisioned that with the successful completion of these two new collaborations in the hydrogen energy domain, OIL in synergy with the start-up, shall be successful in running a Hydrogen Fuel Cell powered e-Bus in northeast India within a short time.

Ohm Clean Tech Director Bhavna S. Mayur added that this is a unique opportunity to bring important hydrogen linked technologies like LOHC and Hydrogen-fuelled bus to the market.

“With the faith that OIL has put on us, we will do our best to bring Atmanirbhar development to India,” he said, underlining the opportunity to be a part of ushering Green Energy to the Northeast. fiinews.com

Tags: Oil India Ltd
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