Greenstat Hydrogen India to pilot a green hydrogen generating project in Sri Lanka

• The project would not involve funding from the government of Sri Lanka

Greenstat Hydrogen India signed an agreement with the Petroleum Development Authority of Sri Lanka (PDASL) yesterday to collaborate on a pilot project for generating green hydrogen in Sri Lanka.

The Cabinet of Ministers of Sri Lanka decided to take its first steps towards bringing hydrogen into the value chain of renewable energy at a meeting held on January 31.

The government has taken a policy decision towards the goal of decarbonization by 2050. To realize this goal, the country needs to gradually convert from fossil fuel to green energy production and consumption by changing energy supply networks. 

Accordingly, steps should be taken to minimize gas emissions in the industries where there is electricity, transport, and thermal power utilization.

In these circumstances Greenstat Hydrogen India (Pvt.) Ltd. which is an affiliated body of Greenstat AS of Norway has agreed to conduct a feasibility study on a pilot project for generating green hydrogen utilizing a combination of floating solar and wind. The Cabinet of Ministers granted approval for the proposal submitted by the Minister of Energy Udaya Gammanpila to enter into an agreement between Sri Lanka Petroleum Development Authority and Greenstat Hydrogen India (Pvt.) Ltd. to conduct the feasibility study. The project would not involve funding from the government of Sri Lanka.
Speaking on the collaboration, Sturle H. Pedersen, Chairman, Greenstat Hydrogen India said “We are thrilled to become a close partner with the authorities of Sri Lanka, and we believe the country has a great potential to not only serve its own needs of green hydrogen (emission free energy carrier), but also become a net exporter in the future. It is with great pleasure and excitement Greenstat Hydrogen India today signed the agreement with the Sri Lanka Petroleum Development Authority, on this groundbreaking collaboration. Greenstat has great expectations of the project becoming a crucial instrument for Sri Lanka to establish a green hydrogen roadmap as well as gaining experience with green hydrogen technologies”.

Speaking at the signing, Norwegian Ambassador to Sri Lanka Trine Jøranli Eskedal said: “I am pleased to see Norwegian companies showing an interest in key sectors in Sri Lanka, and I hope this study will contribute to highlighting Sri Lanka’s potential for transitioning towards renewable energy and renewable fuel sources.”
About Greenstat Hydrogen India

Greenstat hydrogen India Pvt Ltd is a Norwegian energy company located in Mumbai. Greenstat has a specific focus on green hydrogen, solar, wind and zero emission maritime solutions. Greenstat’s vision is; Making Green Happen. To achieve this vision, Greenstat ASA and its subsidiaries focus upon different business areas that will contribute to fulfill the company’s vision. Greenstat activities focus upon developing and operating projects related to sustainable energy and technology, hereunder projects supporting the transition from fossil to renewable energy production.