TKIL Industries signs strategic alliance with SoHHytec to foray into green hydrogen in India
TKIL Industries Pvt Ltd (formerly known as thyssenkrupp Industries India Pvt Ltd), a leading player in industrial engineering and manufacturing, has forayed into the green hydrogen sector marking a significant milestone in its journey to diversify its business portfolio. The company has made an undisclosed strategic investment in SoHHytec SA, based in Lausanne, Switzerland. SoHHytec is a cutting-edge innovator and solutions provider in green hydrogen field using its proprietary artificial photosynthesis (photo-electrolysis) technology, to produce green hydrogen from renewable energy sources, including solar and wind, for industrial applications.
Currently, SoHHytec holds the world record for the highest direct solar hydrogen production efficiency and is globally the most cost-efficient technology for producing Green Hydrogen. In addition to this investment, TKIL Industries will be the exclusive partner in India for SoHHytec to manufacture and supply specific equipment and machinery as well as implement and install green hydrogen projects. TKIL Industries will also support SoHHytec in developing the supply chain for manufacturing green hydrogen equipment locally in India, giving a major boost to ‘Make in India’ for this critical sector. This strategic collaboration represents the first deployment of this groundbreaking technology in India, setting the stage for a transformative impact on the nation’s energy landscape.
This strategic move aims towards advancing green hydrogen production and support the hydrogen economy and energy transition in India. The initiative to fast-track the production and commercialization of green hydrogen, demonstrates TKIL Industries’ commitment to driving sustainable energy solutions. By advancing India’s green energy agenda, this collaboration also aligns with the nation’s ambitious goal of achieving net-zero emissions by 2070, marking a significant milestone in the country’s transition to cleaner energy.
Talking about the investment and collaboration for entering the green hydrogen business, Vivek Bhatia, Managing Director and CEO, TKIL Industries, said, "It is a clear part of our strategy to expand our business operations into high growth sectors oriented towards sustainability and emission reduction. Green hydrogen is critical for enabling the green transition of hard to abate sectors. Our collaboration with SoHHytec marks a pivotal moment in our commitment to a sustainable, low-carbon future. By combining SoHHytec's advanced technology and solution with our extensive industry experience, we are poised to accelerate green hydrogen production in India and contribute meaningfully to the nation’s clean energy objectives. Further, this partnership is a critical step forward for “Make in India” initiative for such critical sector. The market response has been fantastic and we are confident of announcing our first orders shortly."
While highlighting the path-breaking technology, Dr. Saurabh Tembhurne, CEO and Founder, SoHHytec, stated, "We welcome the strategic investment into our business and we are thrilled to collaborate with TKIL Industries in making green hydrogen a viable and scalable energy solution for India. By combining our cutting-edge technology and solution with TKIL Industries’ manufacturing and industrial project execution expertise, we are confident this partnership will play a critical role in the global energy transformation journey. Today, SoHHytec’s technology is without doubt, the market leader in terms of offering the lowest cost per kg of Green Hydrogen produced. Our artificial photosynthesis (photo-electrolysis) process is proven and highly flexible, providing off-grid capability and as well synchronizing with solar and other green energy power sources. Furthermore, SoHHytec’s solution is highly recyclable and can be deployed majorly using locally sourced materials."
