Fusion Fuel Green PLC of Ireland to establish partnership with BGR Energy Systems Ltd, India to develop Green Hydrogen Projects in India

DUBLIN, Ireland:Fusion  Fuel Green  PLC a green  hydrogen technology company,  is pleased to  announce that it has signed  an MoU with BGR  Energy Systems Limited one of India’s leading  EPC companies, to develop  green hydrogen projects  in India. .The  companies intend  to establish  an initial  demonstrator plant  in India in 2021 and thereafter develop  larger-scale projects in the region  for the supply of hydrogen  for the production of  green ammonia and  bio-ethanol, and as a feedstock for other heavy industrial applications.

Fusion Fuel will install a small   demonstrator facility for BGR Energy in  the region of Cuddalore, Tamil Nadu,  India in the second  half of 2021 using  its market-leading  HEVO-SOLAR  technology  to  generate  cost-competitive   green hydrogen. The  companies  will  then  co-develop  projects  throughout  India, leveraging BGR  Energy’s  extensive  client network  and  existing  commercial footprint.  The  companies  will  also  explore  broader  areas  of  potential cooperation given BGR Energy’s broad competencies in the energy, environmental and industrial sectors.

Since its inception,  BGR Energy has  developed more than  12,000 MW of  power plants and  Balance  of Plant  related  services in  India,  and it  also  has substantial capabilities in the design and manufacture of high-tech equipment, which leaves BGR well-positioned to take the lead in developing green hydrogen production infrastructure in the region.

Hydrogen already plays a critical role  in the Indian economy, with roughly  6 million tons of  hydrogen consumed  annually, primarily in  the production  of ammonia and methanol, as well  as for use in  refineries. A recent study  from The Energy and Resources Institute estimated that demand could grow to as much as 28 million tons by 2050. Virtually all the hydrogen consumed in India today is grey hydrogen, the production  of which emits roughly  9 tons of CO per ton of hydrogen. Enabling cost-effective domestic production of green hydrogen will be critical  to reduce the  carbon intensity of  heavy industry and  help India achieve its energy security and emissions targets.

João Wahnon,  Fusion  Fuel’s Head  of  Business Development,  noted,  “We  are excited to open  up this new  market for Fusion  Fuel and develop  India as  a leader of the global hydrogen economy. We  could not ask for a better  partner in this undertaking than BGR Energy, with its extensive experience  developing turnkey solutions in India’s power and industrial sector.”

Arjun Govind  Raghupathy,  Managing Director  of  BGR Energy  commented,  “BGR Energy has long been  an innovator in India’s  energy and industrial  sectors, and we are excited now to be taking these steps to establish a foothold in the burgeoning green hydrogen  industry. We  look forward to  working with  Fusion Fuel to scale the  development of local green  hydrogen production and play  a leading role in creating a green hydrogen ecosystem in the region.”

About Fusion Fuel Green plc.

Fusion Fuel Green  plc. is  an emerging leader  in the  green hydrogen  space, committed to accelerating the energy  transition and decarbonizing the  global energy system by making zero-emissions green hydrogen commercially viable  and accessible. Fusion Fuel has  created a revolutionary proprietary  electrolyzer solution that allows it to produce hydrogen at highly competitive costs  using renewable energy, resulting in  zero-carbon emissions. Fusion Fuel’s  business lines include the sale of  electrolyzer technology to customers interested  in building their own green hydrogen capacity, the development of hydrogen plants to be owned and operated by Fusion Fuel and active management of the portfolio of such  hydrogen plants  as  assets, and  the sale  of  green hydrogen  as  a commodity to  end-users through  long-term hydrogen  purchase agreements. 

About BGR Energy Systems Limited

BGR Energy Systems Limited  is an Indian  public limited company  incorporated under the provisions of the Companies Act, 1956. Its equity shares are  listed on Bombay  Stock Exchange  (‘BSE’) and  National Stock  Exchange (‘NSE’).  The Company is a manufacturer of capital equipment for Power Plants, Petrochemical Industries,  Water  Treatment  &  Desalination  Plants,  Refineries,   Process Industries and undertakes  turnkey Balance  of Plant  (‘BOP’) and  Engineering Procurement and Construction (‘EPC’) contracts. The Company has been achieving its objectives through  its five  business units:  Power projects,  Electrical projects, Oil  and  Gas  equipment,  Environmental  engineering  and  Air  Fin Coolers.

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