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IIT Bombay Partners with HSBC

Published on August 28, 2023
Current Context: Collaboration between IIT Bombay and HSBC to support innovation-led green hydrogen initiatives. Green hydrogen is a form of renewable energy that is produced from water and electricity, without emitting any carbon dioxide.
IIT Bombay Partners with HSBC
  • The partnership between IIT Bombay and HSBC aims to pursue technological advancements towards making green hydrogen production more efficient, cost-effective, and scalable.
  • The focus will be on innovative projects that will help position green hydrogen as a strategic alternate fuel; help in building a robust, green hydrogen economy and achieve the government’s vision of an energy-independent nation .
  • The partnership was unveiled by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman at Delhi on August 24, 2023, in attendance of the leadership teams from IIT Bombay and HSBC.
  • The partnership will also involve the Shakti Sustainable Energy Foundation, a non-profit organization that works to promote clean energy policies and solutions in India .
  • This initiative is expected to boost the government’s National Green Hydrogen Mission focused on providing policy support towards achieving global leadership in green hydrogen transition.

Question:

Q.1 What is the name of the non-profit organization that is involved in the partnership between IIT Bombay and HSBC?
a. Shakti Sustainable Energy Foundation
b. Clean Energy India Foundation
c. Green Hydrogen India Foundation
d. Renewable Energy India Foundation
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