SED Fund-Technip join Xynteo in hydrogen partnership
Oslo-headquartered Xynteo says Energy Leap will be Asia’s first end-to-end clean hydrogen technology accelerator focused on driving sustainable energy innovation that will power India’s home-grown energy security, economic development and decarbonisation journey.
Launch in partnership with SED Fund of the Netherlands, Technip Energies of France and Research and Innovation Circle of Hyderabad (RICH), Energy Leap will catalyse new technologies and early to mid-stage Indian start-ups across the hydrogen value-chain to commercialise through business modeling, operational, technology and investment support.
India is committed to reaching net-zero with progressively more Indian companies announcing their own ambitions, noted Xynteo which also has presence in London, Mumbai and Gurugram.
Clean hydrogen is an important component of these plans, and the Indian government has launched the National Hydrogen Mission and Green Hydrogen as well as Ammonia Policy setting a target of 5 million tonnes of clean hydrogen domstics production by 2030, supported with incentives under the PLI scheme by the Ministry of New and Renewable Energy (MNRE) and Solar Energy Corporation of India (SECI).
Energy Leap aligns with these initiatives and will play a pivotal role in supporting India’s journey toward becoming a clean hydrogen hub.
Vipul Kumar, Senior Partner, Xynteo, said, “Hydrogen holds immense potential to enable industries and economies to achieve net-zero emissions, supporting India’s transition to a sustainable energy future.
“However, the crucial challenges of technology commercialisation and acceleration have hindered the scaling of viable clean hydrogen opportunities thus far. We see Energy Leap as the transformative solution to addressing these challenges, and as part of our mission, we invite diverse industries and cross-sectoral stakeholders to join this programme.”
The aim of Energy Leap is to identify, incubate and support indigenous solutions across the hydrogen value-chain by driving innovation and facilitating the commercialisation of high-potential technologies. There are two key objectives: first, discovering new technologies to support the hydrogen economy through a national innovation challenge, and second, supporting early to mid-stage Indian start-ups across the hydrogen value-chain.
“By seizing competitive advantage and capitalising on market opportunities, stakeholders can shape a sustainable future while fostering collaboration, supporting innovation, and achieving impactful change in the ecosystem.”
The programme has received enthusiastic support from industry leaders and organisations committed to driving sustainable change. This approach aims to work with technologies across readiness levels and help companies develop their business and commercialize their ideas with support from stakeholders across the value chain, by leveraging expertise across technology, business, finance and markets.
Davendra Kumar, Managing Director India, Technip Energies, said, “In the journey towards scaling clean hydrogen solutions, collaborative efforts play a key role.
“It is imperative to prioritise cost-effective innovations and accelerate the adoption of hydrogen technologies. Technip Energies is playing a pivotal role to address the sector challenges and is supporting the ecosystem development through Energy Leap.”
Energy Leap will seek to work in partnership with wider hydrogen and energy transition initiatives across the region, and its secretariat and operations will be led by Xynteo. Fiinews.com
