In a move aimed at bolstering India’s green hydrogen sector, the European Energy Exchange (EEX) and the Indian Gas Exchange (IGX), with the support of Gesellschaft für Internationale Zusammenarbeit (GIZ), have entered in an agreement to develop a hydrogen trading market in India. The collaboration comes under the International Hydrogen Ramp-Up (H2Uppp) program, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK).
The partnership will initially focus on gathering market insights and engaging stakeholders from production, trading, transport, and consumption sectors, along with policymakers and regulators. The goal is to establish a hydrogen price index and offer trading services in India. This is expected to strengthen the country’s position as a global hub for green hydrogen.
Peter Reitz, CEO, EEX, said, “With hydrogen expected to play a crucial role in the energy transition, it is important to have a global focus when developing this sector. We are delighted to contribute our market building expertise to this co-operation and support the local hydrogen community on this journey.