Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai

  • Industry News
  • Jan 17,24
The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.
Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai

Hyundai Motor India and the Indian Institute of Technology, Madras, have joined forces to establish a Hydrogen Valley Innovation Hub with an investment of Rs 180 crore. This collaborative initiative aims to promote the adoption of hydrogen-based clean energy solutions across various applications and sectors. The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.

The Hydrogen Valley Innovation Hub project, with a total cost of Rs 180 crore, will see an investment of Rs 100 crore from Hyundai Motor India Ltd for its capital expenditure needs. IIT-Madras, based in Chennai, will take on the responsibility of setting up the hub on its extensive campus, providing both the physical infrastructure and research and development facilities. Additionally, IIT-M will develop a curriculum and knowledge base for skill development, overseeing the operation and maintenance of the Hydrogen Valley.

Professor V Kamakoti, Director of IIT Madras, highlighted the project's alignment with the country's sustainable development goals, emphasizing the importance of moving towards non-fossil fuel alternatives. The timely funding from Hyundai is expected to accelerate the growth of the consortium overseeing the Hydrogen Valley project.

Guidance Tamil Nadu will play a crucial role in supporting policy advocacy related to hydrogen technologies and the development of regulations. The initiative not only contributes to India's green hydrogen objectives but also fosters knowledge-sharing and skill development.

Source: Indiatimes

Related Stories

Electrical & Electronics
Amara Raja to launch battery recycling operations in TN by November end

Amara Raja to launch battery recycling operations in TN by November end

Currently, 83% of the lead in the company’s manufacturing comes from recycled sources.

Read more
Electrical & Electronics
Cisco inaugurates India router manufacturing factory in Chennai

Cisco inaugurates India router manufacturing factory in Chennai

This first phase of the project is expected to generate 1,200 jobs and bring in approximately $1.3 billion from both domestic and international markets.

Read more
Electrical & Electronics
Massive fire disrupts operations at Tata Electronics iPhone plant in Tamil Nadu

Massive fire disrupts operations at Tata Electronics iPhone plant in Tamil Nadu

The company is investigating the cause of the fire and has committed to taking appropriate measures to safeguard the interests of employees and stakeholders.

Read more

Related Products

Air Generators

GAS GENERATION & GAS PURIFICATION PLANTS

Enersys offers a wide range of hot air generators. Read more

Request a Quote

Gas Roaster

GAS GENERATION & GAS PURIFICATION PLANTS

Fans Bro Erectors offers roaster machine with LPG/CNG gas heating arrangements. Read more

Request a Quote

Gas Purification System

GAS GENERATION & GAS PURIFICATION PLANTS

PCI Analytics offers a wide range of GC gas purification system. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016