Decarbonising Electricity

“This is an attractive opportunity for ArcelorMittal. We will be partnering with a highly experienced energy transition Company in a project that will enable our joint venture Company AM/NS India to reduce both its electricity costs and carbon emissions, as well as providing consistent, guaranteed returns for ArcelorMittal.

Large amounts of green energy are one of the key foundations for both a Net Zero economy and a decarbonised steel industry. We are excited about the potential of replicating this model in other regions. It demonstrates how establishing partnerships and collaborating across the supply chain can help us to progress faster towards our decarbonisation targets.”

Aditya Mittal, CEO, ArcelorMittal

“We are extremely excited to be partnering with Greenko, India is one of the most strategic hydrogen production hub due to its ample renewable energy sources coupled with progressive government policies. We also believe Greenko is a right partner for Green Hydrogen and Ammonia due to their ability to provide “Round the Clock” renewable energy coupled with local electrolysers. We would like to enhance cooperation to produce Green Ammonia and Hydrogen for export market in Asia and Europe.”

Mr. Chou, Executive Vice President (Hydrogen), POSCO

“We have made climate action integral to our business and our expansion plans have been shaped by our ESG focus. The agreement with Greenko is a significant step towards reducing our carbon footprint and cementing our status as the world’s most sustainable aluminium Company. We are guided by our long-term commitment of becoming net carbon-neutral by 2050 and we are happy to partner with Greenko in this audacious journey.”

Satish Pai, Managing Director, Hindalco

“Facilitating the usage of renewable energy through the promotion of both new and proven storage technologies will hold the key to large scale decarbonisation in India. We are excited to partner with Greenko in our endeavour to accelerate India’s energy transition towards a carbon-neutral future. The storage capacity will enable us to provide a customised solution that best meets our customer needs in transitioning to sustainable energy and providing firm, dispatchable renewable power.”

Pratik Agarwal, Director of Serentica Renewables