India and Singapore are strengthening ties to develop green hydrogen and ammonia supply chains. The collaboration focuses on creating green shipping corridors and increasing domestic manufacturing for clean energy technology. Both nations are also exploring the creation of carbon markets to trade credits linked to hydrogen adoption. Additional efforts include implementing battery storage solutions to improve grid stability in both regions.
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India and Singapore talking about green hydrogen and carbon credits. It is a start, but the text does not mention any specific targets or timelines for these shipping corridors.
Agreed. Battery storage for grid stability sounds good on paper, but I want to know the actual capacity they are aiming for. Without megawatts and MWh numbers, this is just a diplomatic meeting.
The mention of carbon markets linked to hydrogen is the most interesting part. If they can align their reporting standards and accounting, it could actually move the needle on project finance.
Basically a summary of a meeting between the MNRE and Singapore's climate secretariat. Focus is on hydrogen, shipping, and storage.
