Apprise the Key Stakeholders about the HSBC led- Hydrogen Economy Initiative

Shakti Sustainable Energy Foundation, in partnership with Maharashtra Energy Development Agency (MEDA) and Mahratta Chamber of Commerce, Industries, and Agriculture, Pune (MCCIA) organised a Workshop on ‘Apprise the Key Stakeholders about the HSBC led- Hydrogen Economy Initiative’ in Pune on March 4, 2024.

Bansi Shukla, Senior Programme Manager, Industry, Buildings & Cooling, Shakti, said in the opening session that “The time is ripe to collaborate with right set of stakeholders and industry’s feedback is essential for policymakers to understand and cater the demand side challenges.”

The workshop comprised of stakeholders from the government, industry, academia, development agencies, and corporate sector. The workshop aimed to explore the feasibility and viability of green hydrogen as an alternate energy source for the industrial clusters in Maharashtra. The workshop witnessed exclusive insights from the senior leaderships of National Chemical Laboratory (NCL), MEDA, Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), Avaada Group and h2e Power Systems Private Limited. Dr Ashish Lele, Director, National Chemical Laboratory (NCL) gave an insightful presentation on the future of Green Hydrogen technology. Mr Anand Raidurg, General Manager (Project), Maharashtra Energy Development Agency (MEDA) expressed a keenness to support the industry in the clean energy transition. The panel comprising of representatives from Deepak Fertilisers, Avaada Group, and h2e Power Systems Private Limited had a meaningful discussion on devising possible solutions for early transition in industry clusters.

The workshop revolved around a three-year study designed to research policy-enabled solutions that could pave the way for Green Hydrogen adoption in industries at scale. This initiative was launched by Hon’ble Finance Minister, Ms. Nirmala Sitharaman, Government of India in August 2023, aiming to assist industrial clusters across four select states – Maharashtra, Jharkhand, Chhattisgarh, and Gujarat, in their transition to a Green Hydrogen ecosystem. It assessed the Green Hydrogen potential, and technology needs, fostered public-private synergies, and explored partnerships that stimulated investments as a catalyst for industrial decarbonisation. This comprehensive study developed feasible policy-driven solutions that could assist policymakers in the intervening states in their endeavors to transition towards a hydrogen-led economy shortly.