Siemens signs MoUs with NTPC, TERI on decarbonisation, energy transition

In order to identify, evaluate and set up reference use cases of hydrogen sector-coupling for various upstream and downstream application, Siemens Limited has signed a Memorandum of Understanding (MoU) with NTPC Limited.

The alliance is targeted at developing innovative technologies, solutions and techniques to reduce the dependence on hydrocarbons in India.

For the collaboration on technologies to support the energy transition in India including sector-coupling, Siemens has also signed a separate MoU with TERI. The aim behind signing the MoU with TERI is to realise the research and technology development projects to enable the energy transitions across electricity, transport and industrial sectors.

Mr. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited stated that, "One of the most important challenges today is the decarbonisation 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".

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.