Greenstat Hydrogen India and India's largest power trader, PTC India have signed a Memorandum of Understanding (MoU) for developing green hydrogen solutions for the Indian power market. 

Greenstat Hydrogen India is a subsidiary of Norwegian Energy Company Greenstat ASA. Referring to the MoU, Sturle Pedersen, Chairman of Greenstat Hydrogen India said: "We strongly believe that cooperation between our companies will have significant contribution towards India fulfilling its net-zero commitments.."

The MoU includes feasibility studies and project management services for green hydrogen solutions to potential beneficiaries in India. The companies have agreed to work towards identifying opportunities for the development of a center of excellence for the facilitation of green hydrogen.