Siemens Signs MoUs with NTPC and TERI

Siemens Limited signed a Memorandum of Understanding with NTPC Limited, India’s largest power utility, to identify, evaluate and set up reference use cases of hydrogen sector-coupling for various upstream and downstream applications. The collaboration is aimed at developing innovative technologies, solutions and techniques to reduce the dependence on hydrocarbons in India. Siemens Limited signed a separate MoU with TERI for collaboration on technologies to support the energy transition in India, including sector-coupling.

Among the objectives of the MoU with TERI is realising the research and technology development projects to enable energy transitions across the electricity, transport and industrial sectors. “One of the most important challenges today is the decarbonization of the global ecosystem. We take great pride in collaborating with NTPC and TERI as we believe technology will be a key contributor towards creating a carbon neutral society in India. This is also a huge step towards the sustainable development of existing and future power systems enabling efficiency, flexibility and sustainability,” said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited.

Siemens Limited focuses on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. It is also a leading supplier of smart mobility solutions for rail and road transport and infrastructure solutions for smart cities. Siemens Limited, in which Siemens AG holds 75% of the capital, is the flagship listed company of Siemens AG in India. As of September 30, 2018, Siemens Limited had revenue of Rs 12,293 crore and 9,452 employees.  

Business | News published on 02/11/2019 by Huned
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