SUBSCRIBE
PROFILE

ISB Commits to a Green Future in India

ISB and IH2A today announced their collaboration to support green hydrogen projects in India. EIB Vice President Kris Peeters announced an indicative funding of €1 billion for public projects in the green hydrogen sector.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Today, the European Investment Bank (EIB) and the India Hydrogen Alliance (IH2A) announced that they are joining forces to support green hydrogen projects in India. EIB Vice President Kris Peeters announced an indicative funding of €1 billion to support public projects in the green hydrogen sector.

Collaboration for the energy transition

EIB Vice President Kris Peeters said the bank recognizes the potential for green hydrogen development in India and is working with the Indian government and industry to explore how the bank can support India’s national hydrogen mission. Increased cooperation through the India Hydrogen Alliance will enable the implementation of a green hydrogen roadmap for India, which will enhance long-term energy security and make India’s energy transition a reality.

ISB ‘s commitment to a green future

The EIB is the world’s largest international public bank and the world’s leading financier of renewable energy and climate action. As a long-time renewable energy partner in India, ISB is committed to fostering a green and resilient future. The new MoU reinforces ISB’s commitment to energy transition and strengthens EU-India cooperation on clean energy.

Jillian Evanko, president and CEO of Chart Industries and a founding member of IH2A, said the association with ISB would provide much-needed funding for the development of India’s green hydrogen economy. She said she looks forward to working with ISB, investors, industry and government to help bring hydrogen to the mainstream over the next five years.

EIB’s membership in the India Hydrogen Alliance demonstrates the EU’s commitment to a green and resilient future in India. The new MoU will strengthen EU-India cooperation on clean energy. This project is part of the EU’s Global Gateway initiative to strengthen global and regional connectivity in various sectors, such as digital, climate, transport, health, energy and education.

  • Popular on energynews.pro
South Korea extends operation of Kori 2 nuclear reactor until 2033
Solar and wind growth absorbs all global electricity demand increase
France: Sylvain Waserman defends Ademe against criticism of its effectiveness and legitimacy
Beev wins Carrefour Énergies contract for EV charging station installations
Caprock Midstream expands Texas gas network and appoints Steve Jones as CEO
EDF power solutions launches hydrogen pilot plant in Macaé to strengthen assets in Brazil
EDF power solutions has inaugurated a hydrogen pilot plant at the Norte Fluminense thermal power plant, with an investment of BRL4.5mn ($882,000), as part of Aneel's R&D programme.
Plug Power raises $275mn to fund pivot toward data center market
Plug Power plans to generate $275mn by divesting assets and reallocating investments to the data center market, as part of a strategy focused on returns and financial discipline.
GreenH secures investment for three green hydrogen plants in Norway
GreenH launches construction of three green hydrogen projects in Bodø, Kristiansund and Slagentangen, backed by NOK391mn ($35.86mn) in public funding, aiming to strengthen decarbonised maritime supply along Norway’s coast.
Nel ASA to supply over 20 MW of electrolysers for two GreenH projects in Norway
Nel ASA becomes technology provider for the Enova-supported hydrogen sites in Kristiansund and Slagentangen, with a combined minimum capacity of 20 MW.
Lhyfe to deliver 90 tonnes of RFNBO hydrogen to a German operator over 15 months
French hydrogen producer Lhyfe has signed an agreement to supply 90 tonnes of RFNBO-certified hydrogen to a private fuel station operator in Germany for a fleet of buses.
Loblaw and FortisBC launch hydrogen truck for commercial deliveries in British Columbia
Loblaw and FortisBC are trialling a hydrogen-powered heavy truck between Vancouver and Squamish, marking a step in the integration of low-emission solutions in Canada’s grocery logistics.
Next Hydrogen raises up to CAD$30mn to support its commercial expansion
Next Hydrogen announces a private equity placement of CAD$20mn to CAD$30mn ($14.55mn to $21.83mn), led by Smoothwater Capital, to accelerate the commercialisation of its electrolyzers and support its industrial growth.
Mitsubishi Gas Chemical secures 1mn tonnes of low-carbon methanol from Transition Industries
Transition Industries signed a long-term purchase agreement with Mitsubishi Gas Chemical for the annual supply of 1mn tonnes of ultra-low carbon methanol starting in 2029, from its Pacifico Mexinol project in Mexico.
Nel ASA secures over $50mn PEM order for two hydrogen projects in Norway
Norwegian group Nel ASA has received a firm order worth over $50mn to supply its PEM electrolysers for two green hydrogen production units in Florø and Eigersund.
The liquid hydrogen micro-storage systems market to reach $738.6mn by 2034
Driven by aerospace, industrial gas, and hydrogen investment, the global liquid hydrogen micro-storage systems market is projected to grow 9% annually through 2034.
Despite ARCHES shutdown, public investment in hydrogen continues in California
The suspension of ARCHES is not slowing hydrogen initiatives in California, where public authorities are accelerating projects for production, transport and use of the fuel in local infrastructure.
Denmark launches a 20 MW low-carbon hydrogen plant in Fredericia
The HySynergy I plant produces eight tons of hydrogen per day from renewable energy and marks a new milestone in the deployment of low-carbon hydrogen in Europe, with medium-term expansion projects.
Hyd’Occ brings together hydrogen stakeholders in Béziers ahead of launch
Ahead of Hyd’Occ’s commissioning, Qair hosts hydrogen sector operators and decision-makers in Béziers to coordinate the industrial integration of local production into regional transport.
Plug Power to supply up to 2 GW of electrolyzers to Allied Biofuels in Uzbekistan
Plug Power has signed a supply agreement with Allied Biofuels to equip a sustainable fuel production site in Uzbekistan, bringing total contracted capacity with Allied partners to 5 GW.
Siemens and RIC Energy join forces to accelerate renewable hydrogen in Spain
RIC Energy and Siemens have signed a strategic agreement to develop industrial projects in renewable hydrogen, sustainable aviation fuel, and green ammonia, focusing on two key sites in Spain.
Element One secures acquisition option on geological hydrogen extraction technology
Element One obtains an exclusive option to acquire up to 100% of Stone to H2, a New York-based company holding patented technology for hydrogen and critical mineral extraction from ultramafic rock.
Elogen to deliver electrolyser to RoyalStav and Veolia for project in Slovakia
Elogen will supply a 1 MW PEM electrolyser for a cogeneration plant operated by Veolia Energia Slovensko, in partnership with RoyalStav, near Žiar nad Hronom.
A hybrid approach could reduce ammonia production emissions by 63%
Researchers have designed a system that combines two ammonia production technologies to reduce costs, optimise industrial efficiency and significantly cut greenhouse gas emissions.
Utility launches its first H2Gen® hydrogen certification site outside the United States in Korea
U.S.-based Utility will build a hydrogen production and certification facility in Seongnam, using biogas, marking a strategic step for the expansion of its H2Gen® technology in the South Korean market.
HTEC commissions 1.8-tonne-per-day hydrogen electrolyzer in Burnaby
HTEC has inaugurated a clean hydrogen production facility in Burnaby, British Columbia, marking the launch of the province’s first commercial-scale electrolyzer, with a combined production capacity of 1.8 tonnes of clean hydrogen per day.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.