TKIL Industries, formerly known as Thyssenkrupp Industries India, has forayed into the green hydrogen through an undisclosed investment in SoHHytec, the company said on Friday.
SoHHytec, a Switzerland-based firm, uses its proprietary artificial photosynthesis (photo-electrolysis) technology to produce green hydrogen from renewable energy sources, including solar and wind, for industrial applications.
“It is a clear part of our strategy to expand our business operations into high-growth sectors oriented towards sustainability and emission reduction. Green hydrogen is critical for enabling the green transition of hard-to-abate sectors,” said Vivek Bhatia, managing director and CEO, TKIL Industries.
In addition to this investment, TKIL Industries will be SoHHytec’s exclusive partner in India for manufacturing and supplying specific equipment and machinery, as well as implementing and installing green hydrogen projects. The firm will also support SoHHytec in developing the supply chain for manufacturing green hydrogen equipment locally in the country.
Bhatia said the company has an order intake visibility of 100 MW in the first year itself.