Hygge Energy to Set up its E-Mobility Solution at Think Gas’ CNG Stations

Canada-headquartered Hygge Energy has entered into a Memorandum of Understanding (MoU) with Indian CNG Stations operator Think Gas to set up Hygge’s zero-emission electric mobility (e-mobility) solution at the latter’s CNG stations.

As per the MoU signed, Hygge would install its software solution at Think Gas’ CNG station in Baghpat city in Uttar Pradesh, followed by other locations under consideration.

Commenting on the Partnership, Prateek Saxena, CEO of Hygge Energy, said, “Hygge is developing a robust carbon trading system for renewables-based EV charging for India. If all EVs in the country are charged using renewable energy, it will open up a Rs 75,000 crore export opportunity in the carbon market only through EV charging. Add CNG to this carbon trading system, and we are looking at increasing the potential market size to Rs. 1 Lakh Crore.”

The solution comes with the Hygge EV mobile app that enables planning and management of electric vehicle (EV) charging stations, as well as tracking of payments and carbon credits.

Hygge in a statement said that, this will be a big step for unlocking a USD 15 billion carbon trading market for service providers offering CNG and EV charging services in India, which will make these businesses profitable.

In two years of operation, Think Gas has expanded its network to over 80 CNG stations across Punjab, Madhya Pradesh, Uttar Pradesh, and Bihar, by serving more than 30,000 customers daily and has touched a peak of 200,000 Standard Cubic Meters per Day (SCMD). It is also looking for expanding operations in its newly acquired market in Himachal Pradesh.

“Our CNG station, equipped with clean energy activities, and fitted with EV charger and Hygge’s software platform, will create a new, cleaner experience. This will further strengthen the process of building a strong clean energy ecosystem,” said Sandeep Trehan, Founder and President (Marketing) at THINK Gas.

Hygge’s technology enables tracking, measurement, optimization, allocation and accounting of renewable energy for EV charging. Its plug-and-play solution integrates with any EV charger and instantaneously connects the charging station to its immersive AI software that helps drive traffic and improve the operational efficiency of the EV charging stations.