SECI signs MoU to promote Green Hydrogen initiatives

Current Context: On November 19, 2024, in New Delhi, the Solar Energy Corporation of India (SECI) signed a Memorandum of Understanding (MoU) with H2Global Stiftung to promote green hydrogen initiatives.

• The MoU aims to foster knowledge exchange on market-based mechanisms related to green hydrogen and to enhance cooperation between India and hydrogen-importing countries.
• This partnership is part of a broader effort to support India’s ambitions to become a leading exporter of green hydrogen and its derivatives.
• Strategic Goals:
• Knowledge Exchange: Facilitate the sharing of expertise, technology, and best practices in the green hydrogen sector.
• Market Development: Develop and implement market-based mechanisms that support the growth of the green hydrogen market.
• Global Cooperation: Strengthen international ties and collaborations to promote the adoption and trade of green hydrogen.

Question:

1 What is the primary aim of the MoU between Solar Energy Corporation of India (SECI) and H2Global Stiftung?

• A) To develop new solar power plants in India
• B) To foster knowledge exchange on market-based mechanisms related to green hydrogen
• C) To promote electric vehicle infrastructure
• D) To build nuclear energy facilities

Answer: B) The primary aim of the MoU is to enhance cooperation and knowledge exchange on market-based mechanisms related to green hydrogen.