IIT Bombay and HSBC India to Facilitate Innovative Green Hydrogen Solutions
The IIT Bombay and HSBC India Green Hydrogen programme, aimed at accelerating the development and deployment of green hydrogen technologies, saw a large number of innovative project proposals received from 6 IITs, the National Institute of Technology and Indian Institute of Science, Education and Research.
November 29, 2024. By News Bureau
Out of these, six projects have been shortlisted for incubation at IIT Bombay, through a stringent process by a Steering committee comprising industry experts and senior faculty from the institute.
These breakthrough technologies and solutions presented by researchers, scientists, and students from institutions across India address key challenges in green hydrogen production, storage, transportation, and utilization. They range from developing indigenous hydrogen storage systems that will help reduce significant carbon emissions from commercial vehicles to cost effective and sustainable hydrogen generators and alternative burners which will improve air quality that has been an alarming issue in most metros in India.
These solutions will be incubated at the IIT incubation centre, nurtured, and refined for commercial readiness by the end of the programme period and comprehensively supported to build scale and enhance reach.
Commenting on the initiative, Hitendra Dave, CEO, HSBC India, said, “We believe that Green hydrogen is a necessary lever to achieve a low carbon economy. Our partnership with IIT Bombay reflects this belief and is also in line with our global commitment to sustainability. It is overwhelming to see the great response to this programme and the innovative ideas that we have received.We look forward to working with IIT Bombay to nurture these six innovations to make Green Hydrogen a cost-effective, scalable, and sustainable proposition.”
Prof. Shireesh Kedare, Director, IIT Bombay, said, "IIT Bombay is honoured to join forces with HSBC India in a transformative endeavour to drive India toward energy independence by setting up a thriving green hydrogen economy. This collaboration underscores our firm commitment to supporting the Indian government’s visionary National Green Hydrogen Mission which positions green hydrogen not just as a sustainable fuel, but as a cornerstone of the country's future energy landscape. By driving groundbreaking research with wide-ranging applications—from transportation to industrial energy—this partnership is set to catalyze a cleaner, self-reliant India, and elevate our role as a leader in the global green energy movement."
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