Torrent Power, Godawari Power and Ispat, Synergen, Technip Energies, Bureau Veritas, HSBC and Newtrace join India Hydrogen Alliance

Expanded global, Indian industry members to work with government on green hydrogen projects

NEW DELHI/ MUMBAI, December 12 2023 : The India H2 Alliance (“IH2A”) today announced that it has expanded its membership with seven new industry members Torrent Power, Synergen Projects, Godawari Power and Ispat, Technip Energies, HSBC Bank, Bureau Veritas and Newtrace joining the IH2A industry coalition. The 22-member strong India Hydrogen Alliance, with 14 industry members and nine partner organisations, represent key players operating across the hydrogen value chain, technical agencies and global investors, who work closely with the Government of India and state governments to help develop the hydrogen economy in India.

The expanded membership announcement follows submission of the USD 5 bn National Green Hydrogen Hub Economic Viability and Development Plan, and the USD 50 bn Hydrogen Equipment and Exports Report, submitted by the India Hydrogen Alliance (IH2A), to the Government of India. IH2A is currently working with state governments to help develop large commercial-scale green hydrogen projects, in partnership with the private sector.

Sanjeev Shah, Director, Synergen Projects said, “As part of the Skeiron and Synergen Group, we have always taken a pioneering approach to building the new energy eco-system and are keen to lead the way in green hydrogen as well, through our membership of IH2A. We look forward to collaborating with other members and partners to build the next wave of green hydrogen projects in India.”

Nisarg Shah, Vice President of Business Development at Torrent Power, said, “As a group engaged in power generation, distribution and city gas distribution, we recognize the importance of green hydrogen in decarbonizing the energy needs of hard-to-abate sectors. We look forward to working with IH2A members and the Government to ensure hydrogen commercialization is accelerated in the next 3-5 years.”

Abhishek Agrawal, Executive Director, Godawari Power and Ispat Limited, said, “We look forward to working closely with the India Hydrogen Alliance members and partner organizations to accelerate decarbonization of the Indian metals and steel sector. We are evaluating cleantech solutions and pathways to accelerate decarbonization of our operations and intend to lead by example in our industry. ”

Jillian Evanko, President and CEO, Chart Industries (NYSE: GTLS) and Founding Member, IH2A, said, “We welcome the eight new members to the India Hydrogen Alliance. This marks a significant step forward and is a mark of investor interest in building the green hydrogen economy in India. Green Hydrogen Offtake price support will be very important for building economically viable green hydrogen projects in India. We expect the Government of India will provide greater policy and incentive clarity to green hydrogen investors so that they can take project investment and domestic manufacturing decisions.”

New members Torrent Power, Synergen Projects and Godawari Power & Ispat will join Chart Industries, Reliance Industries Limited (RIL), JSW Group, Hero Future Energies and bp in the IH2A Steering Group, which is supported by the IH2A Secretariat, run by consulting firm FTI Consulting.

About India H2 Alliance (IH2A)

The India H2 Alliance is an industry coalition of global and Indian companies committed to the creation of a hydrogen value-chain and economy in India. IH2A collaborates with private sector partners, the government and the public to ensure that costs of hydrogen production are brought down, a local supply chain for hydrogen and related applications grows and India is able to achieve its net-zero carbon ambitions by developing a hydrogen economy that complements its national renewable energy and EV/battery-technology plans. More information on IH2A and its activities, is available at  

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