Current Date: 09 Jul, 2024

Chennai Dreams in Green: IIT-M & Hyundai Envision a "Hydrogen Valley"

The Indian Institute of Technology Madras (IIT-M) and Hyundai Motor India have officially entered into a strategic partnership, formalized through a signed agreement, to establish a groundbreaking Hydrogen Valley Innovation Hub. This collaborative initiative, with a substantial investment of Rs 180 crore, was unveiled during the recent Tamil Nadu Global Investors Meet (GIM) 2024 held in the city.

As the designated nodal agency, IIT-M will spearhead the establishment of the innovation hub within its campus, focusing on critical aspects such as manufacturing, skill development, validation platforms, and comprehensive roadmap and landscape analysis. Additionally, IIT-M will assume responsibility for the day-to-day operations and maintenance of the Hydrogen Valley. Hyundai Motor has committed a significant investment of Rs 100 crore towards the total project cost.

This state-of-the-art facility, designed to foster a global hydrogen ecosystem, will function as an incubation cell dedicated to formulating a framework for the localization of a hydrogen ecosystem. It will provide essential infrastructure, including both physical structures and research and development resources. The primary objective of this collaborative effort is to advance hydrogen-based clean energy solutions across various applications and sectors.

Guidance from the Tamil Nadu government will be instrumental, as the state assumes a pivotal role in supporting policy advocacy related to hydrogen technologies and the development of regulations in this emerging field. The collaborative efforts of IIT-M and Hyundai Motor India are poised to play a significant role in shaping the future of clean energy solutions on a global scale.

 

News by Rahul Yelligetti

Source : projxnews