▪ Enters into a strategic
partnership with Switzerland-based, SoHHytec SA
▪ Introducing a
path-breaking technology in India – ready to disrupt conventional sectors
▪ Open to book orders and
ensure faster delivery
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, Mr.
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."
The green hydrogen produced
will serve critical industrial sectors such as steel, fertilizers,
bio-chemicals, cement, and transportation— industries essential to India’s
energy transition and industrial decarbonisation goals. As an example, this
technology already offers around 50% cost reduction on per km basis compared to
conventional ICE vehicles. This collaboration is designed to meet the rising
demand for clean, sustainable energy solutions, while simultaneously
contributing to India’s industrial growth and carbon reduction targets.
Green hydrogen is emerging
as a pivotal solution to decarbonise industrial sectors with high emissions.
This partnership aligns with India’s National Hydrogen Mission, which aims to
establish the country as a global leader in green hydrogen by 2030. In line
with this mission, TKIL Industries and SoHHytec will work to develop and deploy
cutting-edge hydrogen production projects in key industrial regions across
India, ensuring scalability and widespread adoption of green hydrogen
technologies.
India is committed to
scaling its green hydrogen production to approximately 7.5 million tonnes
annually by 2030 to meet domestic energy demands to support the Green Energy
Transition and help drive national decarbonisation efforts. Green hydrogen is
set to play a critical role in achieving these goals, particularly in sectors
that are difficult to decarbonize, such as heavy industry and transportation.
