Bengaluru: The European Energy Exchange (EEX), the Indian Gas Exchange (IGX), and the Gesellschaft für Internationale Zusammenarbeit (GIZ) have joined hands to support the development of the hydrogen trading market in India. The collaboration is under the International Hydrogen Ramp-Up program, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK).
The partnership will majorly focus on the following areas:
Gathering market insights from experts to develop the hydrogen trading market.
Bring together relevant stakeholders from production, trading, transport, and consumption domains to jointly build up an action plan to offer hydrogen trading services in India.
Support the local hydrogen community and engage them in the Indian and global green energy sector.
Speaking on the occasion, Peter Reitz, Chief Executive Officer (CEO) of EEX, emphasized the importance of hydrogen in the global energy transition. He stated that EEX would contribute its market expertise to support India’s emerging hydrogen community. Rajesh Mediratta, Managing Director and CEO of IGX, highlighted that the partnership marks a significant milestone for India’s green energy sector, and would pave the way for building a hydrogen market aligned with global best practices.
Tobias Winter, Director of the Indo-German Energy Forum Support Office at GIZ, echoed these sentiments, noting that the creation of a hydrogen price index could not only impact the Indian market but also resonate with global hydrogen buyers.
Together, these efforts are expected to position India as a major player in the hydrogen economy.
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