Ayana, a renewable energy platform majority controlled by National Investment and Infrastructure Fund (NIIF), focuses on development of utility scale renewable projects in India. Its vision is to be the lowest cost renewable energy producer which utilizes technology to maximize value creation.

The Government of India announced in the Union Budget 2021, its plan to launch the National Hydrogen Mission.

The collaboration between Ayana and Greenstat will accelerate the development of an Indian ecosystem for green hydrogen initiatives. The MOU brings together the development and operating expertise of Ayana in India, along with the technical expertise of the Greenstat Group.

Speaking on the partnership, Mr. Shivanand Nimbargi, Managing Director and CEO, Ayana Renewable Power says “Ayana is delighted to partner with Greenstat to accelerate the production of green hydrogen in India. For India, Hydrogen presents a great potential opportunity as it will decrease reliance on fossil fuels and focus on sustainable sources of energy. We anticipate that our initiatives will support the National Hydrogen Mission, to fast-track India’s decarbonization of grid and providing energy storage solutions for industrial sector, and transportation sector over the next few years.”

“Leading a broad representation of Norwegian cutting-edge expertise within the hydrogen sector, we are thrilled to be a part of this exciting journey together with Ayana Power, the Indian industry, R&D institutes and the Indian government” said Sturle Pedersen, Chairman, Greenstat Hydrogen India.

He further said, Hydrogen is already a dominant part of the energy value chain world-wide; the challenge now is to revert the energy ecosystem back into its natural evolution. Renewable energy must replace fossil fuels, to preserve our habitat, and to preserve our mobility. Hydrogen is the natural energy carrier representing a vital part of the sustainable energy solution together with sustainable battery manufacturing.

We look forward to learning from our partners and sharing our knowledge with great gratitude to our partners, he added.

Ayana Renewable Power and Greenstat Hydrogen India have collaborated for the development of green hydrogen projects powered by renewable energy in India. The first pilot project will come up in Karnataka.

“National Investment and Infrastructure Fund (NIIF) backed Ayana Renewable Power (Ayana) and Norway-based Greenstat ASA’s subsidiary Greenstat Hydrogen India, have entered into a Joint Development Agreement for development of green hydrogen projects powered by renewable energy in India ..

Shivanand Nimbargi, the CEO & MD of Ayana, said, “By 2050, India aims to produce three-fourths of its hydrogen from renewable energy source. Ayana and Greenstat being specialists in their respective domains, carry the right expertise to facilitate this growth.”

Sturle Pedersen, Chairman of Greenstat Hydrogen India, said the cooperation between the companies is likely to have significant contribution to the green shift.