Technip Energies partners with Greenko Group to accelerate the development of green hydrogen in India

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PARIS–(BUSINESS WIRE)–Technip Energies (PARIS:TE) and Greenko ZeroC Private Ltd have signed a Memorandum of Understanding (MoU) to explore opportunities for the development of green hydrogen projects in the refining, petrochemical, fertilizer, chemicals and power plants in India to accelerate Transition in the country.

The MoU aims to facilitate active engagement between Technip Energies India and Greenko teams to intensify collaboration opportunities on a “Build-Own-Operate (BOO)” model – in which Greenko will be the BOO operator and asset owner and Technip Energies will support with engineering, integration and EP/EPC services – for pilot and commercial scale green hydrogen and related projects in India in order to offer economically feasible technological solutions to customers.

Both entities bring complementary skills and added value to this partnership – Technip Energies with its hydrogen expertise, integration capabilities, EPC project management skills and regional footprint, and Greenko with its technological know-how, its expertise and assets in renewable energies, which cover solar, wind and hydraulic.

Davendra Kumar, Senior Vice President Deputy One T.EN Delivery and MD India at Technip Energies, commented : “We strongly believe in working together to achieve our energy transition goals. Our strategic partnership with Greenko reinforces our commitment to delivering a low-carbon future, drawing on decades of expertise in feasibility studies, EPC and technology know-how to support green hydrogen and associated projects. »

Gautam Reddy, Chief Operating Officer, Greenko ZeroC, noted: “The energy transition is essential for India in its fight against climate change and its quest for energy independence. Greenko has established expertise and an asset base in renewable energy generation and storage as well as investments in electrolyser technology. With these strengths, our tie-up with a world-class engineering and technology company such as Technip Energies enables the partnership to deliver the optimal, rapid and large-scale carbon-neutral solutions that India needs.”

To learn more about Technip Energies capabilities in green hydrogen:

Technip Energies is ready to lead the wave of hydrogen in low-carbon and carbon-free applications. Building on our 50 years of industry experience, we leverage our expertise, proprietary technologies, far-reaching partnerships and execution excellence to accelerate the energy transition and our commitment to a low-carbon society. .

Learn more at: https://www.technipenergies.com/markets/hydrogen

About Technip Energies

Technip Energies is a leading engineering and technology company for the energy transition, with leading positions in liquefied natural gas (LNG), hydrogen and ethylene as well as growing market positions in the blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by an extensive offering of technologies, products and services.

Present in 34 countries, our 15,000 employees are fully committed to bringing our customers’ innovative projects to life, to breaking down borders to accelerate the energy transition for a better future.

Technip Energies is listed on Euronext Paris with American Certificates of Deposit (“ADR”) traded over-the-counter in the United States. For more information: www.technipenergies.com.

About Greenko

Greenko Group has an installed capacity base of 7.3 GW in solar, wind and hydro generation technologies spread across approximately 100+ projects in 15 states and supplying over 20 billion units of renewable energy annually across the country, which accounts for about 1.5-2% of India’s total electricity. Needs.

Greenko Group, one of the world’s largest clean energy and energy storage companies, is focused on delivering carbon-neutral solutions to meet the net zero goals of large-scale global businesses and economies. scale through its smart energy platforms and green hydrogen production systems. Greenko plans to provide lower cost energy storage solutions with its planned 100 GWh digital cloud storage platform, of which 50 GWh Phase 1 would be operational by 2025. This will enable the integration of large capacities renewables planned in the Indian grid and deep industrial decarbonisation.

The group is committed to transforming renewable energy from intermittent and inflexible energy to firm, dispatchable and on-demand energy controlled by digitization and long-duration storage solutions to support the transition of all of the economy towards a carbon-neutral energy mix in the country. As part of the hydrogen strategy, Greenko will also invest in the development of a 1 MTPA ammonia production facility to enable green ammonia production in the next fiscal year.

Important Information for Investors and Security Holders

Forward-looking statement

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events and to revenues, profits, cash flows or other aspects of Technip Energies’ operations or results of operations. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “anticipate”, “should”, “should”, “could”. ‘, ‘could’, ‘estimate’, ‘outlook’ and similar expressions, including their negative form. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions regarding future developments and business conditions and their potential effect on Technip Energies. Although Technip Energies believes that these forward-looking statements are reasonable as made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.

All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are material or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies historical experience and current expectations or projections of Technip Energies. . Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those set forth in the forward-looking statements. For additional information on known material factors that could cause actual results to differ materially from projected results, please see Technip Energies’ risk factors disclosed in Technip Energies’ filings with the Securities and Exchange Commission. United States, which includes amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no obligation and will not necessarily update forward-looking statements in light of new information or future events, except to the extent required by applicable law.

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