PR ICGH Final
Driving Decarbonization: Avaada Group Showcases Green Hydrogen Leadership at International Green Hydrogen Summit 2024
New Delhi, September 2024 – Avaada Group, a leading force in the energy transition, proudly participated in the prestigious International Conference for Green Hydrogen (ICGH). Held at the Bharat Mandapam in New Delhi from September 11 to 13, the summit convened global leaders, policymakers, industry experts, and innovators to discuss green hydrogen’s pivotal role in decarbonizing industries and advancing sustainable development.
Avaada Group showcased its cutting-edge advancements in green hydrogen and its derivatives technology, underscoring the company’s growing expertise in GH2 (Green Hydrogen). The Avaada delegation, comprised of key company representatives, highlighted the company’s commitment to driving global energy transformation.
Mr. Vineet Mittal, Chairman of Avaada Group, actively participated in several high-level country roundtables, engaging senior representatives from the European Union and its member states. He emphasized the critical need for global collaboration to accelerate green hydrogen adoption and its derivatives. Mr. Mittal stated, “I am optimistic that India, with its vast land resources and robust national grid, is positioned to lead the green hydrogen revolution by 2030. As we move towards a net-zero future, partnerships between nations and corporations will be essential to drive innovation, scale production, and make green hydrogen both accessible and affordable. At Avaada Group, we are at the forefront of this revolution, leveraging advanced technologies and fostering global collaboration. To succeed, we must embrace a technology-agnostic approach that prioritizes sustainability and encourages innovation across borders.”
Mr. Deepak Agrawala, Senior Vice President of Avaada Group, contributed to discussions at ICGH during the session – Demonstrating the Viability of Green Hydrogen for Steel. Mr. Agrawala noted, “The integration of green fuels into the entire steel value chain spanning mining (iron ore, coal), maritime, steel production, and captive power generation is critical as steel as a sector contributes to nearly 7-9% of GHG emissions globally. We must harness innovative technologies, creation demand for adoption of green hydrogen, incentivize stakeholders and invest in creating a resilient ecosystem to lead to an over 95% reduction in GHG emissions. With its integrated sand-to-molecule business, Avaada Group is committed to play an important role in achieving greener energy transition.”
The India Green Hydrogen Summit featured notable figures such as the Hon’ble Minister for New and Renewable Energy, Mr. Prahlad Joshi, and Shri Hardeep Singh Puri, Hon’ble Minister of Petroleum and Natural Gas, Government of India. The event also welcomed international dignitaries, including representatives from the European Union, South Korea, Australia Japan, and Singapore, reinforcing the global significance of advancing green hydrogen technology and solutions.
Avaada Group’s participation in ICGH further solidified its position as a leader in the green hydrogen sector, showcasing its capacity for innovation and global collaboration. The event represented a significant milestone in the company’s ongoing journey toward creating a sustainable, decarbonized future.
About Avaada Group
Avaada Group is at the forefront of the global energy transition, with expertise in solar module manufacturing, renewable power generation, and the development of green hydrogen, green methanol, green ammonia, and sustainable aviation fuel projects. Under the leadership of Mr. Vineet Mittal, Avaada has emerged as a major global energy player. Avaada Energy, its renewable power generation arm, aims to reach an installed capacity of 11 GWp by 2026. The group’s strong execution capabilities and proven track record have attracted significant international investments, including a US $1.3 billion funding commitment in early 2023, comprising US $1 billion from Brookfield’s Energy Transition Fund and $300 million from GPSC, a subsidiary of Thailand’s PTT Group.
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